Technology

59415 readers

2527 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

399

Over 2 percent of the US’s electricity generation now goes to bitcoin (arstechnica.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

160 comments fedilink hide all child comments

Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

you are viewing a single comment's thread
view the rest of the comments

[–] Sanyanov@lemmy.world 1 points 9 months ago* (last edited 9 months ago) (1 children)

That's a job of central banks, and they normally manage it well enough. Sure, crypto offers more reliability on that front by making it impossible to control emission. But at the same time, this means money can't be printed when it would be highly beneficial for the economy, for example when recovering from economic crisis - without extra emission the country will be screwed up real bad. At the end of the day, the fiat emission is agile for good reasons.

[–] TypicalHog@lemm.ee 2 points 9 months ago (1 children)

I don't think money should ever be printed or burned. I guess we can only agree to disagree.

[–] Sanyanov@lemmy.world 2 points 9 months ago

Alright, let's settle on that.