BITCOIN AND THE POWER GRID

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Feature Article by Paul Rosenberg
"Bitcoin is evil" articles exist in profusion, and these days I pretty much ignore them. But one of the recent types – raising awareness of Bitcoin's environmental unsustainability – has engaged me. As it turns out, I have an unusual background to bring to this topic, and I think I should contribute.

So, here we go:

Another Apocalypse?

Let's be honest and admit that most of the "environmental movement" sells fear of an apocalypse. And as we should all realize by now, humans have an innate weakness for fear.

More or less every apocalyptic environmental prediction has failed. (I'm talking about those that could actually be measured, obviously.) That won't stop the fear-sellers of course, and now Bitcoin has come into their sights.

The fear is that because crypto mining uses so much power, it will bring down the grid or cause various environmental disasters. The advocates of this fear throw around scary sou
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