The problem is that renewable sources are intermittent, but bitcoin mining requires uninterrupted processing and power supply. Thus the high demand on renewable sources must be supplemented with increased coal/fossil fuel power sources.
Even if your premise were correct, how much rare-earth metal should we strip from the planet to facilitate production of magic internet coins?
At this time in history we should be rejecting anything requiring such massive power consumption, returning so little human benefit.
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The problem is that renewable sources are intermittent, but bitcoin mining requires uninterrupted processing and power supply. Thus the high demand on renewable sources must be supplemented with increased coal/fossil fuel power sources. Even if your premise were correct, how much rare-earth metal should we strip from the planet to facilitate production of magic internet coins? At this time in history we should be rejecting anything requiring such massive power consumption, returning so little human benefit.