Something on the lines of if your company facility is using over X amount of energy the majority of that has to be from a green source such as solar power. What would happen and is this feasible or am I totally thinking about this wrong
Edit: Good responses from everyone, my point in asking this was completely hypothetical, ignoring how hard it would be to implement a restriction. My own thoughts are that requiring the use of renewable energy for high electricity products could help spur the demand for it as now it’s a requirement. Of course companies would fight back, they want money
Then miners would siphon off renewable energy and other more polluting sources would be used to power the remainder.
They’re not gonna build more green power supply just to help out crypto miners.
They would if we cut them off from the grid. All Bitcoin does now is raise electricity bills. Let them build solar farms and buy batteries if they insist on mining something useless to 99% of humanity.
You think these clowns are going to build anything? They’re just leeches trying to make money by doing nothing other than letting computers run.
No, but crypto miners could fund a boom in green energy industry if they bought their own panels, wind turbines, battery banks, etc.
They could. But they won’t.
You think a bunch of people Mining crypto for greed are gonna altruistically buy green energy?
Not altruistically, but if laws were made and enforced to where green energy was the most financially rewarding way to power their mining rigs, they’d do it.