Ok so can someone explain to me how cryptocurrency pollutes? Like what crazy calculations are they running that they need enough brainpower to significantly effect things? Like I’m assuming what’s causing the pollution is increased electricity consumption but… how does sending lil pretend money tokens back and forth or whatever cause so much pollution?

Also, what the fuck is “mining”? How d'you mine… like bitcoin is not a naturally occurring resource, and I assume that you can’t just make it, cause that would make it instantly worthless… help?

So you get “coins” as a reward for performing the cryptographic calculations necessary to update the public ledger which is the blockchain. This is, by design, an increasingly complex and resource intensive process to slow down the collection of (intentionally finite) coins.

So every transaction with bitcoins requires the ledger to be updated with the current ownership of every already existing bitcoin, which also requires encrypting and decrypting a bunch of information and sharing it across the public ledger. So every transaction made with bitcoins increases the energy requirements of updating the ledger making it harder and harder to complete the latest version and get the coin which is a reward for doing that work.

There’s a lot I don’t fully understand myself but the long and short of it is that the actual value of any crypto currency is pretty much just what people agree on, except instead of a fiat currency where a government says it’s worth something and a mint that makes physical currency, there’s a bunch of nerds who agree that solving certain math problems is worth rewarding.

Feeling like adding on for a bit of context, I know it’s kind of hard to understand how mining for really any kind of crypto is hard to imagine, but seeing what a bitcoin mining facility looks like for the first time really helped me realize just how energy intensive it is.

See all these warehouses? They’re quite literally filled to the brim with specialized computers that do nothing but mine, each one filled with thousands of these computers, just row after row of this:

So all the power consumption winds up adding up like crazy.

Literally all of these should be seized, wiped, and dismantled, cryptocurrency needs to be annihilated as a concept

On top of that, it spikes the price of computer components that could otherwise be used for useful work, like science and engineering. If all that compute were still used (meaning we’re still polluting the same amount, even) but devoted to R&D we could solve a TON of actual, real world problems to make life better. Likely it could be used to solve some problems involving greening the economy, which means that the pollution would at least serve the purpose of decreasing future pollution.