like nuclear or renewables like wind and solar because there is always demand.Bitcoin can take the edge off inflexible suppliers like sun and wind energy
Critics will say that we need to switch entirely to renewables, with experts saying that carbon emissions need to hit zero by 2050. However, fossil fuels still make up 83% of global energy production. Proponents of nuclear energy will argue that unless wind and solar grid storage and transportation improve, nuclear energy would apply a market solution to a pretty urgent problem.The ideal outcome would be using only renewables at a low cost.
Currently, there is a clear lack of understanding of how mining can be beneficial. Even a basic economic concept like pricing a negative externality gets overshouted by "orange coin bad."better job of researching and explaining . Which leads to arguments like "Bitcoin exploits the vulnerable." However, this isn't on miners, but on the people holding political power and not providing public goods like power grids.policymakers need to be educated by experts and pass regulation that embraces innovation
Super interesting article! Renewables and crypto have a bright future together 🌞
My proposal is to set a minimum efficiency for miners to limit power usage.
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Considering that we have limited energy and we are eventually going to need to be considerate about how we spend energy, it's a fair argument for proof of stake. I still think proof of Randomness works much better than PoS. I'm looking to QANplatform to implement it first.
Maybe there is also no need to provide more energy just to mine crypto currency. With Algorand’s Pure Proof of Stake, energy needs becomes very negligible which provides us the opportunity to reverse climate change.
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