this post was submitted on 15 Jul 2024
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[–] pivot_root@lemmy.world 35 points 4 months ago (11 children)

Better late than never, I suppose.

[–] shortwavesurfer@lemmy.zip 17 points 4 months ago (10 children)

This singles out a single industry. Why not data centers in general or also add in AI?

[–] pivot_root@lemmy.world 28 points 4 months ago (4 children)

I wouldn't consider cryptocurrency an industry. At best, it's unregulated stocks whose value is backed by speculation. At worst, it's a waste of resources and a low-risk way for malware authors to profit off of victims.

Don't get me wrong, though. AI is also deserving of the same treatment.

[–] FaceDeer@fedia.io 18 points 4 months ago (1 children)

Note that the second-largest cryptocurrency, Ethereum, no longer uses proof-of-work to validate its chain. So any regulations or data on electricity usage will be basically irrelevant to it.

[–] randompasta@lemmy.today 8 points 4 months ago

Hopefully other crypto follows suit.

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