Are we converting increase in thermodynamic entropy with decrease in information entropy (with some loss)?
What if we use bitcoins mined by renewable resources (for e.g. Hydroelectric generator) to purchase carbon credits? What would the energy balance and economics look like?
Already this is happening in a roundabout way. Much of the bitcoin mining is unused hydroelectric in China, they are using the excess power that is basically free.
Are we converting increase in thermodynamic entropy with decrease in information entropy (with some loss)?
What if we use bitcoins mined by renewable resources (for e.g. Hydroelectric generator) to purchase carbon credits? What would the energy balance and economics look like?