Even if it was "renewable energy sources" (lol), that's still energy consumed which could be doing things like supplying light, refrigeration, or, you know, useful computation.
Can we stop the "bitcoin has no use" game? It might not be the most efficient, it's absolutely not the most scalable in its current state, and it isn't a physical product, but it has value, and it has uses.
Every single thread about bitcoin like clockwork people will say stupid one-liners like "but at least X has value" or "but X is useful" and like clockwork someone will bring up that Bitcoin has use and value, and then the whole discussion will derail into insults and what-ifs on what-ifs.
Bitcoin has value, Bitcoin is useful. You may not think it is that useful, or has that much value, but it has some. Many feel that it's value is a way to transact without trust, others feel its value is a way to store money outside of any single government controlled currency, others find its value is in the pseudonymity that it can provide, others find that being able to put small amounts of data on a globally immutable ledger is immensely valuable, and many people find its value as a way of gambling on the price.
Well, to be frank.. if I buy solar panels and mine bitcoin with a portion of the energy who are you to tell anyone they shouldn't? Of the number of things that are wasteful in this world Bitcoin is just the latest scapegoat and no one really has evidence to show how the mining is powered.
Because that’s not how the majority of coins are mined, so your hypothetical pissing-in-the-ocean operation wouldn’t even warrant praise or scorn.
and no one really has evidence to show how the mining is powered.
The majority are mined in China, and that’s for the utility of cheap coal. If you have some evidence of massive solar farms powering mining in a China, please do cough it up.
This is also true of war and those who buy computers to make models of why the Earth is flat.
>Most of the big mining operations are run on 100% renewable energy sources.
Admit it, you just made this up.