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General Cryptocoin Discussion

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If the legislature wants to reduce the power grid burden they should ban electric cars.
While you'd think that logical, it really isn't.
As usual, government only creates problems.
Please take off the tin hat..
Crypto is such a small portion of electric usage.
It's larger than you think.
I agree though companies that are investing in those useless crypto mines should be on something like solar, but I don't believe in forcing them through laws.
If history has taught us anything it's that companies rarely do anything unless it fits their agenda and/or pocket-book. Government needs to force the issue or the needed change will not happen.

EDIT:
I feel your pain. The less government the better. However, with some things, especially where big money and resources are involved, we gotta do what's needed and regulation is what's needed.

Doesn't New York gets most of it's electricity from Niagara Falls and Quebec hydro plants?
Yes, maybe. Not sure. I thought they also had nuclear options, but that could be in the past..
 
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You can't measure things like that. Cars are not the problem, or any particular item, the problem is the use. We should all reduce the usage on the grid for things that aren't essential (especially at peak hours like you said and i agree with all you said). There is a lot of use that could simply be avoided, jokes aside. Keep using fossil fuels in not an option anymore.

Especially now

Back to the topic, mining is not an issue. It is if you use coal to power the grid.

Tis true, and its the whole reason crypto is fighting that reality. I think the word we're looking for isn't so much 'use', but excess. We're never going to stop people from living their lives. Acceptance level is zero.

We are born and bred with the idea that we should always want for more. Commerce turns this into a want for more material bullshit, or in the case of crypto, a way to buy material things, at least, if you manage to get the money out again.
 

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If history has taught us anything it's that companies rarely do anything unless it fits their agenda and/or pocket-book. Government needs to force the issue or the needed change will not happen.

EDIT:
I feel your pain. The less government the better. However, with some things, especially where big money and resources are involved, we gotta do what's needed and regulation is what's needed.

Why? What makes you think the people in government are any better than those running the large companies? At least in the USA corporatism is a huge problem.
 
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Why? What makes you think the people in government are any better than those running the large companies?
As a general rule, many(not all) government officials care about their oaths to serve the people. Companies have no such obligation and many don't care unless they have to.
 

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As a general rule, many(not all) government officials care about their oaths to serve the people. Companies have no such obligation and many don't care unless they have to.

While I appreciate your response I simply do not agree with your world view regarding government officials. Even if they are not corrupt they are usually inept. Plus everyone has a different opinion of what "serving" the people looks like in today's society. There is so much corruption it is hard to know just who is dumb and who is evil. That is why I think when it comes to crypto people out to feel the pain of their own poor decisions and leave the government out of it. Of course I would probably think differently if I bought into the lie that man is changing the climate to such a degree that we will be all dead soon.
 
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Of course I would probably think differently if I bought into the lie that man is changing the climate to such a degree that we will be all dead soon.
Not dead but life is already becoming miserable because of Climate Change. Whether we want to believe it or not. The Heat around the World last week or the Washing Machine that has been over Southern Manitoba since May are definite signs that the Weather is in a State of flux. I was reading a report that up to 10 Million people in India have been displaced by the Monsoon. F me Yellowstone Park was closed last week. When is the last time that happened? Meanwhile other places have not seen rain since the start of the decade. I live in Canada and our weather used to be boring until Climate change took hold like in 2013 when a Super warm April melted all of the snow in the Foothills of the Rockies.
 
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While I appreciate your response I simply do not agree with your world view regarding government officials.
I can respect that. We can agree to disagree on this one.
Even if they are not corrupt they are usually inept.
Let's be honest, the same can be said for company officials.
Of course I would probably think differently if I bought into the lie that man is changing the climate to such a degree that we will be all dead soon.
As a scientist, I can not deny that we have had an impact. However, to what degree is still open for debate and examination.

Either way, I think the governments of the world and our nation need to enforce regulation to compel miners to be more responsible and less of a burden.
 
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Let's keep the topic to cryptocurrency please. Climate change is off-topic.
 
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