[cstreit]

Wayne, the only reason BTC is devastating to the environment is the speculators. It a diminishing returns business. The more that is created, the harder and more expensive it is to create.

If the speculation stopped and the price went down to $20k then at least half of the mining would shut off because it would no longer be profitable. It’s designed to be in balance, except the exuberant speculator keeps dragging it upwards. Hell even my 5 year old outdated asic miners are profitable once again because the speculation has driven the price up. I turned them back on.

That said, I justify my electric usage because they are in my electrically heated garage. I can heat it with my 240V heaters, or my Bitcoin miners. Oneburns money, the other creates it.

Doge coin is a joke. Ethereum has promise and I think will live because it supports the current fad of NFT’s..