Reducing greenhouse gases to avoid 2°C is six (!) times cheaper than paying for the damage that would otherwise occur, according to @PIK_Climate.
Fixing climate change is just as much an economic and geopolitical argument as an environmental one.
https://t.co/CXi379TW5z
@espiekermann@lightcoin@ruskin147 2/2 It’s also argued that bitcoin’s mechanics incentivizes to mine bitcoins, i.e. spending energy, in locations of energy overproduction (mostly renewable energy). For example in Sichuan, the overbuilding hydro energy is used to mine bitcoins due to sloppy central planning.
@espiekermann@lightcoin@ruskin147 1/2 Bitcoin’s enormous energy consumption is undeniable. Nevertheless, it’s interesting where all this energy comes from. According to the Coinshares Bitcoin Mining Report from December 2019 (https://t.co/efO054IpjH), 73% is renewable.