Second order effects of #Bitcoin mining include, but are not limited to:
- Less pipeline construction because it's easier, faster and cheaper to deploy a digital pipeline
- Less methane leak because miners will show up and consume gas that would otherwise be flared (con't)
- Less pipeline construction because it's easier, faster and cheaper to deploy a digital pipeline
- Less methane leak because miners will show up and consume gas that would otherwise be flared (con't)
- More efficient drilling because producers don't have to depend on a singular rev stream
- An incentive to produce more renewable energy sources because there is now a consumer of last resort
- A more distributed society as towns get erected around mining operations (con't)
- An incentive to produce more renewable energy sources because there is now a consumer of last resort
- A more distributed society as towns get erected around mining operations (con't)
- The big one no one likes to talk about, a severe reduction in capital misallocation enabled by easy money that has led to severe energy waste
Proof of Work with a baked in difficulty adjustment securing the scarcest asset man has ever come into contact with is the best thing to ever happen to the environment.
God willing, we will reduce pollution caused by waste to nothing before I gasp my last breath.
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