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Cryptocurrency discussions / Re: PayPal's shenanigans for "green miners"
« on: May 07, 2024, 03:12:55 PM »Maybe they should make conventional data centers greener first.
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I see two big problems with this.
The first is that who decides what is a "green miner" and who isn't. That's right, they have centralized entities doing that which means the mining process becomes less decentralizedd as the process can be hijacked to exclude miners they don't like.
Second, who actually guarantees that any of the transactions are going to land in a block. This would require all miners not submitting their block templates to Bitcoin and to the centralized entity. This stinks of sanctions.
I think the problem is that they are basically shifting the emissions elsewhere, and not really eliminating them.
Bitcoin mining is naturally greener than most people think.
I know hydroelectric is the cheaper electricity available, and naturally miners will move where the energy is cheap.