Submitted 9 months ago by therealjcdenton@lemmy.zip to technology@lemmy.world
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
Green energy is still not free energy.
Every amout of green energy a crypto miner uses is less green energy for everything else. You take 3% (country consumption) of capacity from the green grid, you must up at least 3% the production in existing coal plants.
Or add 3% to the green grid
And spend it on calculating useless hashes instead of reducing coal mining?
A law in which country? What would you do if someone in a different country doesn’t want to follow that?
just ask the president of the world nicely to make the rule
Would be nice, but we haven’t yet achieved global unity.
Problem is energy from the grid is just energy. You’d get crypto companies buying “green” energy leaving the dirty enegery for everyone else. It’d be meaningless.
Ultimately crypto mining is a pointless industry. It benefits the miners financially but doesn’t produce anything meaningful, while expending huge amounts of energy and polluting the world as a result. It’s also an extremely energy wasteful way to run the infrastructure needed to maintain crypto currencies.
It wouldn’t matter if we were in some Nuclear fusion powered utopia with an abundance of energy. But we’re not - we’re in the middle of a climate crisis and desperately trying to move over to green energy. Growing demands for energy for crypto is countering that.
The real solution is to tax crypto! - for example tax then on every kWh they use. Regions that entice crypto operations in are chasing fools gold - the costs out weight any local economic benefits of new data centres being built.
While being right about crypto being meaningless for some people (I guess there are people valuing hope in decentralized monetary system, even if it is misplaced.), you failed to mention that most of other industries are equally meaningless and good part of them are even harmful: fashion, fast food, industrial food, banking - in a way we have it, cars in current form(no need for this huge tanks)…
In comparation crypto is just wasteful and isn’t harming anyone.
It is a waste of energy either way which could have been used for actual useful purposes. So no, that is not a helpful solution.
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.
If you mean their own green energy that they have to buy, set up, and maintain on their own, then sure. Force them off grid and bring enormous financial consequences if they pollute to make their energy
They would just set up in Kazakhstan or something. How does that help? There’s no way everyone in the world passes the same law
Why not use that energy for something useful?
Make a law to power everything with green energy
They would get around that with green washing the way a lot of companies are these days.
It all depends on the details, but power is a local produced good and is not something that can be escaped with laws that want to stop carbon emissions.
You say that like the laws we have right now against carbon emissions are working. I get what you’re saying but the laws probably need a re-write.
Like a carbon tax? We’ve been talking about that for years.
First, you need to separate power hungry crypto from AI, one provides a real benefit while the other is a useless fiat that can be accomplished without dumping gigawatts down the drain. If you want to trade crypto that’s fine, just don’t use a vulgar amount of society’s power to do it.
We really need to grow past this idea that just because you don’t personally use or like a thing that it is useless. Who are you to get to decide what has value and what doesn’t? If there wasn’t value, no-one would buy or use it. The unspoken part of this argument that gets repeated so often is that the reasons people are interested in the thing are reasons associated with groups you’ve been told very confidently don’t matter. Lack of control from the government? Only a nasty conservative/libertarian hick who “don’t like no GuBmint” would want something like that. Anonymity/privacy reasons (I know, only for for certain coins)? Only a scammer would want that, why care about privacy if you have nothing to hide?
None of this is even promoting or saying I’m pro crypto, just saying these are poor arguments.
As an example, as someone who doesn’t follow any sports whatsoever, I could argue the amount of resources and travel for this big football game coming up are vulgar. I mean come on, I don’t care about this game so why should anyone else be allowed to use resources on it?
Inevitably, you will come back and say but sports offers X, Y, and Z real benefits. If I were to continue the analogy of the inverted argument, the next argument is ALWAYS: “Yes, true, but it’s not the absolute best or most efficient at X, Y, or Z so therefore that doesn’t count”. It could very well be argued that any benefits coming from the super bowl could be done in cheaper, more environmentally friendly ways. Do we cancel this game then? Is anyone who is interested in it a POS?
This was an example, I actually realize there are tons of benefits to sports even though I don’t get much at all out of it personally. But it’s part of becoming a well adjusted person to realize people are going to have different values and I don’t get to decide what is important to them, or that because they are part of an out group their interests and values don’t matter.
To make one more example, if someone said they put their life savings in gold in their safe to prep for some doomsday scenario, I certainly wouldn’t agree at all that it was a good choice. A fairly objective case could be made that it is in fact the wrong/bad decision, however I still don’t get to decide their values don’t matter just because I don’t agree with them, or more importantly because Reddit/Lemmy folks told me confidently that those values only belong to preppers/conservatives/libertarians/etc etc and also that those are bad people.
Which is which ?
It could help a bit, but I think then there just would be less green energy available for the other applications.
Generally speaking, pollution etc. is what economists call “external cost”. It should be penalized in some way, and the usual tool is taxation. It’s not just AI and Crypto that should pay for non-green energy.
Why not just pass a law that no one can generate electricity except from green sources? It sounds so easy when I put it like that.
Are you thinking that sprinkling the buzzwords “AI” and “Crypto” on an “only green energy” kind of provision would allow lawmakers to leverage hype to cut through right-wing resistence to green energy mandates in a way that a more blanket (or even just not-Crypto/AI-focused) provision couldn’t?
Why not just pass a law that no one can generate electricity except from green sources? It sounds so easy when I put it like that.
Um - those laws have been passed. Usually with a reasonable approach such as “you can continue operating the coal plants that were already built, but no more can be built”.
What’s actually happening around the world though is those plants are becoming too expensive to run, so they’re shutting down even if they are allowed to continue to operate. Renewable power is a lot cheaper than fossil fuel power these days.
Um - those laws have been passed in many countries.
Yeah, I know. I just wondered what putting a “but only for AI and crypto applications” as OP said added to the conversation.
In civilized places, e.g. not the U.S. (it’s cool, I’m American), where it’s not a struggle to get any environmental legislation passed, adding “AI and crypto” to the conversation is unnecessary. In the U.S. where the minority of conspiracy theorists get what they want through cheating, I doubt adding AI and crypto to the conversation is going to help any.
Too much
T - double O. It’s a different word.
Although “so much” would probably be a better fit anyway
I actually meant to say so instead of to, but it ended up working out
Fair enough. I didn’t assume that because S & T are separated on the keyboard. Autocorrect can do weird stuff though.
Fixed it
Force this unnecessary tech bullshit to invest in becoming self-sufficient through green energy
I would say this is a dangerous slope to go down, since electricity is just electricity and IMO shouldn’t matter how it’s used as long as it’s payed for. It’s like the Net Neutrality situation where it shouldn’t matter how/what data is being transmitted through their network shouldn’t be discriminated for/against as long as it’s getting payed for.
Only proof of work crypto currencies require a ton of energy and the only way it’s profitable is by buying energy that would otherwise be wasted like methane flaring or excess renewable generation.
Who defines “too much”?
“to much”
Tax the greenhouse effect from the energy production, UBI to give people the money to afford what they need.
Trying to moralize every action on the market is a losing game though. I mean is this, the fediverse, worth the energy, are games, streaming, plant lights for your indoor plants?
It’s better to leave that to be individuals choices but make sure that the cost of the consequences are on the individual making the choices.
Something topic-adjacent is going down in BC, Canada right now.
We had a large timber company that branched out into crypto mining, augmented with solar. They made an absolute killing with this pivot, and wanted to expand. But need a metric fuck-ton of electricity. The local utility company denied them, citing their own issues with keeping up with demand in the near future. The timber company sued them, and I think it settled to this:
Super interesting story - thanks for sharing. Helps getting perspective:
> the data centres proposed by Conifex would have consumed 2.5 million
> megawatt-hours of electricity a year. That’s enough to power and heat
> more than 570,000 apartments
There is no such thing as “green” energy, all energy has an environmental extraction/capture cost. Crypto has insane per user power usage, AI isn’t quite as bad but it’s still much higher than normal websearch. Both should be used sparingly in cases where they actually make sense.
The bigger operations already are using so called green energy. There are large operations in the north west where hydro is abundant and cheap.
This might be a few years off but I am considering setting up a farm where I am. We are planning on a very large solar installation at some point in the near future and we will probably have way more supply than we can use. I wouldn’t mine btc but running some other algo hardware and throwing it at nicehash or other smart pools would probably be a good use of that power assuming I can get the hardware cheap enough.
That would actually not do anything.
So there’s this stupid thing called carbon capture right? It’s where instead of putting money into useful things there’s these companies that use a lot of resources on machines that take CO2 out of the atmosphere. The companies claim that they use “green” energy, but it doesn’t. As earmarked as that may be these machines still just use grid energy, which still uses fossil fuels. All it does is take some capacity to replace fossil fuels from green energy.
Those companies paid for a sizeable portion of the solar installation on my home. I’d say that’s useful, since it has cut our power consumption from fossil fuels by more than half.
FaceDeer@kbin.social 9 months ago
Since it's a common mistake when discussing cryptocurrency energy use, I should point out that it's really only Bitcoin specifically that uses significant amounts of electricity these days. Most other cryptocurrencies have switched to proof of stake systems, which uses negligible energy.
tristan@aussie.zone 9 months ago
Just to expand on this, While eth is 99.99% less energy use than Bitcoin, it still added 2.8 kilotonnes of co2 which is equal to about 2000 average houses for a year.
It’s a negligible amount in the scheme of things, but a lot for a virtual currency especially when you add up all the various cryptocurrencies out there.
It wouldn’t hurt to make all the POS ones use green energy, but probably wouldn’t impact anything by itself.
Changing Bitcoin to green energy alone probably would however.
FaceDeer@kbin.social 9 months ago
Why is it "a lot for a virtual currency?" What's the typical energy usage of a virtual currency?
In 2019 Visa used 740,000 gigajoules of energy, which is equivalent to 6727 households (google dug up a figure of 110 Gj/year for that). So this really doesn't seem like a lot for this kind of thing.
prole@sh.itjust.works 9 months ago
Acting like 2000 average houses is a lot of power consumption for a cryptocurrency with such an unimaginably high market cap… That’s basically a rounding error.
omgitsaheadcrab@sh.itjust.works 9 months ago
There’s an estimated 2.2 billion residences on earth. That’s a pretty small percentage 😅
uienia@lemmy.world 9 months ago
Everything above 0% is not neglible for such uselessly decadent endeavours as cryptocurrency.
Empricorn@feddit.nl 9 months ago
Who decides what “negligible” is? It’s unnecessary and we’re living in a climate crisis.
uienia@lemmy.world 9 months ago
Greedy arrogant cryptobros decides that obviously.
O_i@lemmy.world 9 months ago
Also over half is used by green energy already and will continue to grow
jaycifer@kbin.social 9 months ago
There is a caveat to this. It’s been a few years since I read the article, but oftentimes the reason Bitcoin miners run on renewables is because they set up shop in places that have established local cheap electricity.
The example in the article was a town with ideal geography for hydro power, to the point electricity was cheap enough to sell it to the next town over. Crypto-miners set up in the first town and quickly began using more power, driving up the cost and eventually causing serious issues for the second town as there wasn’t enough electricity leftover to send their way anymore.
therealjcdenton@lemmy.zip 9 months ago
Interesting, is it because of competition requiring more machines? What about something like Monero?
FaceDeer@kbin.social 9 months ago
It's because proof-of-stake is fundamentally different from how proof-of-work operates.
The fundamental problem that all blockchains need to solve is something called the Byzantine Generals Problem. A blockchain needs to consist of a list of transactions that everyone agrees on - everyone needs to be able to know which transactions are part of the list, and what order they appear on that list. But there can't be any central "authority" making that decision, it has to be done in a completely decentralized way.
The way proof of work does it is that it requires people adding transactions to the list to do some extremely expensive calculations and attach the results of those calculations to the transactions that they're adding. Anyone can do those calculations so there's no central authority, but the costliness of the calculations means that once the transactions are added it becomes just as expensive to create a substitute set of transactions. So everyone ends up agreeing on what transactions were added because it would be unfeasably costly to "fake" an alternative history to the blockchain. This means it's impossible to make a proof-of-work chain that isn't hugely "wasteful", because the waste is the point of it. It has to be costly for it to work.
Proof-of-stake takes a very different approach. It solves the same basic problem - determining which transactions are part of the chain in a decentralized manner - using some very fancy cryptography that I have to admit that I don't fully understand. But instead of proving that the transactions you're adding are "trustworthy" due to proving you've wasted a whole lot of resources adding them, you do it by putting up a "stake." You lock a big sum of money in your cryptocurrency staking account and essentially make it a hostage to your good behaviour. If you put up a bad transaction you can lose your stake. So under proof-of-stake there's simply no need to burn huge amounts of electricity.
Monero uses a proof-of-work algorithm like Bitcoin. The reason Monero doesn't use anywhere near as much energy as Bitcoin is simply because it isn't worth as much and so not as many people are mining it. If Monero was worth as much as Bitcoin the energy usage would rise to become comparable.