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US Government Launches New Attempt to Gather Data on Electricity Usage of Bitcoin Mining
(insideclimatenews.org)
this post was submitted on 15 Jul 2024
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Technology
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Right, but they're not going to build out in a high electricity cost area, they'll build where energy is cheap, which is often where renewables are abundant.
But like you pointed out, the real issue isn't energy use, but perception of value. Any amount of energy used to do something with no value is wasted.
I see value in specific cryptocurrencies (esp. Monero XMR), but I don't know how to effectively communicate that.
Its hard enough to sell people on using VPNs to protect their internet privacy, trying to convince them to use this fancy thing 'only criminals' use to have financial privacy is definitely going to be harder.
Yup, but the most effective way to explain it is that it's just like cash. Criminals use cash, and criminals use Monero, and largely for the same reasons. For non-criminals like myself, the benefits are:
Or in other words, it works like cash, just digital. Like cash:
Monero is our best option for a digital, non-government issued currency. It's as close as we'll get to digital cash.