Electricity is too cheap for these uses.
Why is commercial power so cheap and residential so expensive? We could fix two problems by balancing that back.
It’s more like companies = jobs in the eyes of voters.
ETA: What’s with the downvotes? You guys think this is wrong?
My understanding is tha some commercial/industrial users will get a highly variable tariff. This may be cheaper much of the time, but can get ridiculously expensive at times of high demand.
The difference is that a bitcoin farmer can shut down at those expensive times, but a home user still needs to heat/cool their house, run their fridge etc, so the savings cancel out. Because of this, averaging the costs works out easier/better for most home consumers
You can get time of use billing at home with many power companies. Only makes sense if you have solar panels or storage batteries or some such.
They don’t produce anything except some numbers. A total waste of energy. I had to laugh when this guy I know who is very “progressive” and environmentally concerned got pissy when I pointed out how much energy was wasted on bitcoin mining just because he was into it.
Right this is the fundamental problem. There needs to be some value to the Blockchain application which the crypto tokens support beyond just token speculation.
no. it just needs to end, as does pretty much our entire economic system, worldwide. and the social systems that support wasteful, destructive living. transform or die. that’s the point we’re at. is humanity up to it? well know within our own lifetimes.
Money is how you get people to do things they wouldn’t otherwise do. Farmers don’t like farming they do it for the money, truck drivers do it for the money, factory workers do it for the money.
So if we get rid of economics then who’s going to farm the food, who’s going to pick the food, who’s going to transport the food to the stores (although at that point I guess they are just public distribution centers), who’s going to run the stores?
They only solution to all of these problems is automation but we’re not there yet. So what is your solution for today?
fuck crypto shit ffs
If there’s no demand for a particular crypto then people mining it can’t sell it and go out of business. People mine this stuff because other people will pay them for it.
Good job, totally missed my point.
You can buy/sell ones that arent dependend on mining. Not every crypto is the same.
Which ones? I’m curious since I don’t follow the scene and only know of mainstream stuff.
Crypto isn’t a currency, it’s a commodity for trading. One that doesn’t physically exist. No inherent use and no inherent value.
The vast majority of “real” currencies are fiat currencies and don’t have inherent value or use either.
US dollar hasn’t been backed by gold since 1971, for example.
The only reason money has any perceived value at all, is because it’s collectively agreed to have some value. Just like crypto currencies.
You literally just defined the attributes of a currency. The only difference is that crypto isn’t backed by a government.
Edited. See below. Apparently some crypto is government backed. There is no functional difference between traditional currency and (at least some) crypto.
Sure, it’s like if you printed ink on paper and pretended it was equivalent in cost to material goods.
Not all crypto are the same.
Nano has been designed as digital money.
It has no mining, 0 fees (none for transactions, none for opening accounts), finalizes transactions sub-second (typically), has no built-in throughput limits and works across (political) borders.
I’d say these attributes offer some use and value.
Except it’s not really a currency is it? Nobody actually uses this stuff for buying goods and services, they treat it as a stock. Usually short-term trading that’s essentially just gambling.
Normal currency also doesn’t use more than 2% of the power generation of a massive country.
Yes, cryptocurrencies, aka “currencies”, are used for buying goods and services.
Energy consumption is a great point if you ignore the material resource acquisition cost, worker cost, production cost, sundry cost, hardware cost, conventional debit and credit fees, service personnel cost, data centers, servers, and telecommunication network costs of conventional currency infrastructure.
Yeah, if we ignore all of that, then the resource consumption of a single energy intensive cryptocurrency seems high.
LOL wake me up when you’re circulating currency instead of just speculating against the bag holders.
Real currencies use significantly less power despite orders of magnitude higher transaction volumes. They also have physical exchange options that incur no transaction costs and require no digital infrastructure. Crypto is just bad as a currency.
Love to see some proof. Seems unlikely with the amount of necessary infrastructure, especially relative to ultra high efficiency cryptos.
Yes, all those dollars that get pulled out of the earth by the blood sweat and tears of miners?
What are you talking about. If there are coins that don’t need mining why are we wasting electricity (or anything really)on the ones that do.
JFC how long do we have to wait for a carbon tax
That’s. That’s the whole point. Things costing their true value.
Business exist to make money (even non profits need to make enough money from either sales or donations to cover operating costs). If something costs them more, it’s going to cost their customers more. This way negative externalities aren’t swept away to become an unmanageable problem in the future. The true cost of consumption is reflected in the price we pay.
What you’re describing as a bad thing is really the system working for good, as it was intended.
Unfortunately they are correct as the carbon tax in Canada is indeed a racket. It’s only on consumer consumption.
- oil exports, our largest source of emissions, are exempt
- agriculture and forestry, the next largest, also exempt
- shipping and rail, oh look, exempt
- heavy industry can buy phoney carbon credits for $5/ton instead of paying the $65/ton tax. Some of these are for forests that have already burned down
- oh yeah the greatest emission source last year, dwarfing all others, 80% of our total emissions came from the massive forest fires for which our policy is just to LET THEM BURN
So the only people who carry the burden of the Canadian carbon tax are the ordinary taxpayers. But hey, the optics are good! Looks very progressive. Despite the fact that Canadian consumer consumption is the definition of a drop in the bucket that is global emissions.
If Canada wanted to make a difference they would nationalize the grid, build nuclear and renewables. Or forget it all for now and just put out the damn fires!
Edit: I forgot one more, as imports are not taxed, the carbon tax actually encourages the import of goods made with coal power in China, over goods made with hydropower in Canada!
I’m Canadian and I support the carbon tax.
I would like to see our government stop subsidizing the fossil fuel companies and establish a national oil fund too.
And you get CAIP now, which, for most Canadians, especially lower income Canadians, CAIP is greater than the additional cost you pay for goods and services due to the carbon tax.
The carbon tax is quite literally a tax on the rich that gets given to the poor, while at the same time making high carbon intensity products more expensive incentivizing choices that lower carbon emissions.
Only the very rich lose.
The people who speak out against it, are either rich, or they are useful idiots, people who are ignorantly shilling to scrap the tax to their own detriment because they were told by their rich tribe leader it’s bad.
Which one are you?
The tax will just be the cost of doing business. But surely “tHe MarKeT” will correct this by finding cheaper non carbon transport sell a cheaper product.
Personally I support tax of fossile and subsidization of alternatives. Worked like a charm to electrify Norways car park.
The cons are however that increased demand for electricity means building wind, hydro, solar power, with a huge cost to local environent both in most land and the diesel used by construction euipment
There’s still market incentive for reducing emissions. Either lets you charge the same and for higher margins, or reduce prices and be more appealing to consumers.
What does the government do with all the extra revenue? Theoretically it should be able to reduce other taxes proportionally so that those with low carbon usage come out ahead instead of just being a negative for everyone.
Yup, the Climate Action Incentive is a Pigouvian tax, so the government estimates the revenues, divides that up to comes up with a number for each resident, and we receive it back in quarterly payments.
Any suggestions on how we can actually make corporations pay for the carbon they emit if a carbon tax isn’t it?
Doing nothing is what we have been doing and it isn’t working.
There is no good reason why this isn’t illegal.
