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Author Topic: Sweden proposed to ban mining in the European Union  (Read 353 times)
jossiel
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November 13, 2021, 12:39:18 AM
 #41

Bitcoin will keep on going with PoW because it's the most secure consensus algorithm.

Some governments still fear that their banks will get their doors closed if cryptocurrencies gain a lot of attention in their country, so these governments try to catch the painful nerve and here, it is mining. They had nothing to talk about, they don't talk on the inflated prices of oil, child trafficking, sexual harassments, kidnapping, raping, extortions, mafia, etc. and divert their citizens' mind by talking all the way about crypto to create negative chaos among youth about it. If Swedish government asks miners to stop mining some day, those miners will pack their bags and move another place to continue.
I doubt that the banks will close even if cryptos gained too much attention on their particular countries. There's the fear that they have but that won't stop and make them close as they're with the state.

There's still a big part of the banking sector that's being involved to the government's work. I agree that if these countries will make the miners stop what they do, those crypto friendly countries will be the ones to enjoy and benefit from it.
Gyfts
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November 13, 2021, 05:15:40 AM
 #42

...

Solar and wind aren't efficient with the current technology, nor will they ever be efficient if the energy demands keep rising. You can figure limitations on energy and factor them in an idealistic society, and there still enough energy to go around. Nuclear isn't as dangerous as people think, the soviet era disaster at Chernobyl was a result of a communist regime with poor regulations. You can make nuclear work well and manage the dangers. The cost benefit analysis given the risks is peanuts compared to the energy you can extract.

This goes beyond bitcoin mining too, by the way. India, China, US are going to continue to pollute unless there are legitimate alternatives. Solar and wind aren't going to cut it.
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November 14, 2021, 11:26:14 AM
 #43

Solar and wind aren't efficient with the current technology,

Since they harvest free energy, the current efficiency doesn't matter that much. The fact they exist means it's not unprofitable. The tech will probably evolve in time, it's early. I would be more worried now by the increase of areas wasted and by the pollution generated for the panels and windmills to be made, and their (lack or) recycling too.

nor will they ever be efficient if the energy demands keep rising.

I fail to find any relation between these. For now, as long as the demand grows, they'll build more, will not necessarily make them more efficient.
The problem is, as said in other posts, since sun and wind are far from constant, another form of generating electricity has to be always there "in stand by", and this form is usually coal/gas/petrol based.

Nuclear isn't as dangerous as people think, the soviet era disaster at Chernobyl was a result of a communist regime with poor regulations. You can make nuclear work well and manage the dangers. The cost benefit analysis given the risks is peanuts compared to the energy you can extract.

Actually human mistake can always exist. Errors can be hidden/covered also in the name of profit. I agree that Chernobyl catastrophe was mostly because of the way the communist regime works, but it can happen shockingly easy also if other conditions are met. Still, I agree that it may be our best chance for now.

This goes beyond bitcoin mining too, by the way. India, China, US are going to continue to pollute unless there are legitimate alternatives. Solar and wind aren't going to cut it.

At least this is something I'll agree with 100% Cheesy
The problem is there and was always there even before bitcoin mining. This banning of bitcoin mining is just (stupid, bad) politics.

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