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1 sat \ 0 replies \ @BlueSlime 16 May 2022 \ on: The problem with bitcoin miners [seen on Hacker News] bitcoin
The biggest misnomer that I see expressed repeatedly in these debates over energy usage, is that the Earth's energy supply is monolithic and extremely scarce, therefore the miners are drinking out of the same milkshake as your desk lamps and air conditioner.
Miners make their money off consuming electricity that nobody else wants. Their overall consumption just proves how much energy was being otherwise wasted or unused.