I have to chuckle about this
Quote:
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To accelerate this transition, it launched a $10 million fund for companies making bitcoin mining more energy-efficient.
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. If a significant portion of the cost to mine crypto is energy, you really shouldn't need to incentivize anyone further. Plus, $10M is a joke sum for a fund that is supposed to help change anything in an entire industry.
Have we talked about the plants in Iceland and other areas where there is geothermal power being used which otherwise would go unused?
The whole bitcoin craze is absurd to me. I am always amused when I see renderings of golden coins with a B on them in news articles. Great thread, a lot of good discussion with links to good reading. Reminds me of the real estate thread 15 years or so ago.
