Fact-Checking 8 Claims About Crypto’s Climate Impact

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While some experts say there's potential for positive impact from crypto mining, most agree there are few indications that the industry is going in the right direction. 📝 andrewrchow

If crypto companies aren’t yet supercharging a renewables boom, then maybe they’re helping other ways, like making our electricity grids more resilient. Thiel argues that crypto miners are uniquely suited to help grids for several reasons: that they can be turned off quickly during peak hours of energy usage in a way that, say, pasteurization machines can’t; that they can soak up energy from the grid that would be otherwise wasted; that they can be located very close to sources of energy.

But Rhodes and others are skeptical that most miners will be willing to operate on someone else’s schedule. Crypto miners have shown that in order to maximize their profits, they would much rather operate 24/7. Strohmaier, in Montana, says that when he met with crypto miners operating in his county about their activity, the topics of grid resilience or curtailment “never came up once. We never got the sense there was any willingness to scale back even for a nanosecond of what they were doing.

 

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andrewrchow President Jair Bolsonaro of Brazil, participated in the March for Jesus this Saturday, July 9, 2022. The event brought together thousands of people on the streets of Capital Paulista.

All Crypto is headed to zero. There may be some minor rallies along the way, but it's total demise is inevitable. If you didn't get out by now, you lost. Don't get in.

除了烧电还有什么?

I wish everyone can be like her because I haven't lost since she have been managing my trading account, I love her so much mamats38 🙏

Not at all?everthing moves in wrong direction and its not worthy to public...without SAFETY FIRST ...DID ANY IT. WEBSITES FOR SAFETY FIRTS IN INNOVATION..NOT AT ALL,,IN INDUSTRIAL ,,SAFETY FIRST SAVES MILLION EMPLOYMENTS, IMAGINE WITHOUT SAFETY FIRST..IMAGINE

Here's a better take.

When high school kids that are pitching it and don’t know a thing about investing and have only $5 in they bank accounts you know it’s not Good

It's nothing more than a pyramid/ponzi scheme!

Bitcoin cryptocurrency ... Realistic dollar alternatives / replacements - - or just more money takers? (not that a fiat-dollar - or even gold - is *worth valuing*!)

andrewrchow andrewrchow How much money have you lost in crypto? Share your story!

andrewrchow There are many carbon neutral chains these days way much less energy usage. Solana being one

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Source: TheRegister - 🏆 67. / 61 Read more »