danhak (u/danhak) - Readit News

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danhak commented on Over 2 percent of the US's electricity generation now goes to Bitcoin arstechnica.com/science/2... · Posted by u/cdme

nightski · 2 years ago

I'm no crypto enthusiast, but that's not the same argument. You are not moving demand to physical proximity of the renewables in that case, whereas miners claim they can.

danhak · 2 years ago

Friend in question was mining bitcoin out of his NYC co-op apartment on a master electricity meter.

danhak commented on Over 2 percent of the US's electricity generation now goes to Bitcoin arstechnica.com/science/2... · Posted by u/cdme

elevaet · 2 years ago

Whenever this kind of thing comes up, I hear bitcoin enthusiasts use strange logic to claim that it's good because most of this power is coming from renewables, or that if it's not then it's incentivizing the switch to renewables by increasing demand, and so on.

Bollocks!

Unlike other technologies that are incentivized to become more efficient over time, because of how competition over mining rewards works, this technology has the characteristic of consuming more and more energy the more it succeeds.

It's designed to waste energy. Even if that was "green" energy, it's still just making heat out of electricity for pretend internet money. Energy that other things could be using.

danhak · 2 years ago

A crypto enthusiast friend once made that argument to me and it was so baffling.

By this logic, we should all leave our lights and air conditioners on while we're at work or on vacation because it will increase demand and hasten the transition to renewables.

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danhak commented on BART ridership is still down nearly 70% from pre-Covid levels statecraft.beehiiv.com/p/... · Posted by u/armanhq

Karrot_Kream · 3 years ago

As the article states, the reason why BART is so heavily impacted is because it was mostly designed as commuter rail. BART is unique in that historically it paid most of its costs in farebox revenue. While peak-hour (morning and evening commute) ridership is catching up again (BART publishes numbers so you can check the work here), usage outside of peak hours is at an all-time low because of the increase of WFH jobs. Since the rail alignment of BART can't be changed now, we'll probably settle on a new normal with BART.

BART along the same alignment still moves 2x more people than the Bay Bridge does though, which is something to remember as non-users of BART clamor for its defunding.

danhak · 3 years ago

I’m a little confused by the reasoning here.

You state that peak (commute) traffic is recovering but off-peak is still low, due to WFH?

Wouldn’t WFH be impacting peak hours, with off-peak at all-time-low due to other things like leisure travel?

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u/danhak

KarmaCake day4903May 11, 2008

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