Re There Is Nothing Virtual About Bitcoin's Energy Appetite

["Dave Farber" <dave () farber net>]

---------- Forwarded message ---------
From: John Levine <johnl () iecc com>
Date: Tue, Jan 23, 2018 at 4:52 PM
Subject: Re: [IP] Re There Is Nothing Virtual About Bitcoin's Energy
Appetite
To: <dave () farber net>


In article <
CAKx4tri9rd0gz-nYGF9d5QHW+KNxSW2urajJohcAErvjcYHEDA () mail gmail com> you
write:
> From: Limber, Jim <uic.edu1 () gmail com>
> Date: Mon, Jan 22, 2018 at 2:45 PM
> Subject: Fwd: [IP] There Is Nothing Virtual About Bitcoin's Energy Appetite
> To: George Yanos <george () yanos com>
>
> The main locations - Russia, China, Canada, etc., have surplus generating
> capacity that would substantially result in generator and transmission
> losses if not fully matched to load capacity....

Dunno about Russia, but Canada's surplus generating capacity is mostly
hydropower which they have no trouble selling to the U.S.  And if they
didn't, using spillways and depowering a few turbines isn't exactly
beyond the state of the art.  In China it's mostly coal.  Ugh.

What I've found most impressive about this discussion is how desperate the
bitcoin crowd is to excuse its absurd power wastage.  It's not for nothing
people call it a Dunning-Krugerrand.

R's,
John



-------------------------------------------
Archives: https://www.listbox.com/member/archive/247/=now
RSS Feed: https://www.listbox.com/member/archive/rss/247/18849915-ae8fa580
Modify Your Subscription: https://www.listbox.com/member/?member_id=18849915&id_secret=18849915-aa268125
Unsubscribe Now: 
https://www.listbox.com/unsubscribe/?member_id=18849915&id_secret=18849915-32545cb4&post_id=20180123170233:1AB202A4-0089-11E8-9484-CD64ED118392
Powered by Listbox: http://www.listbox.com