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US Government Launches New Attempt to Gather Data on Electricity Usage of Bitcoin Mining
(insideclimatenews.org)
this post was submitted on 15 Jul 2024
266 points (98.9% liked)
Technology
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Better late than never, I suppose.
This singles out a single industry. Why not data centers in general or also add in AI?
I wouldn't consider cryptocurrency an industry. At best, it's unregulated stocks whose value is backed by speculation. At worst, it's a waste of resources and a low-risk way for malware authors to profit off of victims.
Don't get me wrong, though. AI is also deserving of the same treatment.
Note that the second-largest cryptocurrency, Ethereum, no longer uses proof-of-work to validate its chain. So any regulations or data on electricity usage will be basically irrelevant to it.
Hopefully other crypto follows suit.