Thread: Ethereum
View Single Post
Old 10th January 2022, 16:02     #973
Ab
A mariachi ogre snorkel
 
Quote:
Originally Posted by Lightspeed
It's not completely free
Like the man said, the future's here but it's not evenly distributed.

Here in South Australia power is certainly free during the summer. With rooftop solar I could probably set up a mining rig in my shed for six months of the year and not pay a cent in power bills.

I guess the point (also following Ajax's comments) is that crypto mining at scale is a shitty thing for a developing country's power grid, and it will probably be banned in such places, which is good. But I stand by my point that crypto mining in and of itself does not have a negative environmental impact. Crypto mining in places where electricity is generated by dirty means has an environmental impact -- and the impact comes from the dirty means bit not from the crypto mining bit.
  Reply With Quote