I felt the need to be pendantic on that point because I see a lot of lazy accounting around energy emmission harms. It is unfortunately common for people to write about the harms from an amount of energy consumption without considering what type of energy production is actually used.
I've read several articles in the past month that essentially had the lazy incorrect math such as: Activity Foo uses X MWh, X MWh is Y% of total energy production. Burning fuels emits Z tons of CO2 and W amount of other harmful polutants. Therefore Activity Foo is responsible for Y% of Z CO2 and Y% of W pollution.
Becoming a pet peeve of mine.
Bitcoin (~39%) has about double the proportion of green energy usage as global energy consumption (~17%)! If these numbers are accurate, it seems like cryptomining should be some-amount-less concerning than the broad energy economy in terms of greening our infrastructure.
I felt the need to be pendantic on that point because I see a lot of lazy accounting around energy emmission harms. It is unfortunately common for people to write about the harms from an amount of energy consumption without considering what type of energy production is actually used.
I've read several articles in the past month that essentially had the lazy incorrect math such as: Activity Foo uses X MWh, X MWh is Y% of total energy production. Burning fuels emits Z tons of CO2 and W amount of other harmful polutants. Therefore Activity Foo is responsible for Y% of Z CO2 and Y% of W pollution.
Becoming a pet peeve of mine.
Bitcoin (~39%) has about double the proportion of green energy usage as global energy consumption (~17%)! If these numbers are accurate, it seems like cryptomining should be some-amount-less concerning than the broad energy economy in terms of greening our infrastructure.