@pluralistic : my take on this is that those datacenters consume lot of electricity. Most of it renewable. Which means that, after the bubble, we will drown in too-cheap-to-meter electricity.

In fact, electricity will often have a negative price. Which will put bitcoin mining into a new light.

(while the crypto market is a scam and current prices are scam, the bitcoin project, at its core, is not a scam at all and is truly important. But I agree that the core is well hidden those days)

I'm on a tour with my new book *Enshittification*!

Catch me next in #LosAngeles, #Calgary and #SanFrancisco!

Full schedule with dates and links at:

https://pluralistic.net/tour

2/