Forum Index > Full Moon Saloon > North Central Washington's cheap power draws bitcoin miners
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MtnGoat
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Joined: 17 Dec 2001
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PostMon Oct 29, 2018 1:54 pm 
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Assuming you accept the assumptions, bitcoin mining alone could overheat the planet

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To predict Bitcoin’s environmental footprint in the future, the University of Hawaii researchers looked at the adoption rates of other new technologies, such as credit cards and dishwashers, in the United States. These technologies were selected based on their incredibly rapid adoption, as was the case for credit cards, or their slow uptake, i.e. dishwashers. If Bitcoin is adopted at the average rate of these technologies, according to the study, it could produce enough emissions to warm the planet by two degrees Celcius in just 16 years. Even if it follows the slowest adoption rate, it will reach this same threshold within 22 years, the researchers concluded.


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Diplomacy is the art of saying 'Nice doggie' until you can find a rock. - Will Rogers
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RandyHiker
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PostMon Oct 29, 2018 2:28 pm 
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Bitcoin is now trading at around $6300 -- down from $19,000 10 months ago.

I'll bet a donut that the Chelan county PUD's ban on new electrical permits for miners is mostly for show at this point with no one applying for new permits.
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