Obviously big oil mining and bitcoin mining are different, but they both seek the same end...to extract value and revenue out of something that already exists, it just needs to be captured.
If big oil companies decided to devote all resources to Bitcoin mining, do you think we could reduce the acceleration of fossil fuel production and increase the bitcoin supply and distribution/adoption?
I've been watching a climate change documentary called
Do the Math and it has me depressed and frustrated. Our civilization will fall because of our individual greed. Could there be anything more simple and yet so tragic?
So you watched some documentary, fell depressed and all of sudden oil is bad?
What kind of material is the computer/phone you are typing with made of?
If there is plastic somewhere down the road, than guess what? It was made thanks to oil extraction. Plastics are by product of oil refining.
Do you like your food? Fine, its affordable for 7 billion people, because agriculture was mechanized long time ago. Also thanks to oil.
I could go on for entire day, but perhaps it would be better for you, if you watched different sort of documentary. Some, that would mention, there is seven billion people and they need food.
Also oil companies extract oil and bitcoin, because it is profitable, it serves purpose, that cant be done otherwise, their product will always be in demand.