RE: More environmental guff from The Guardian17 Sep 2021 17:26
Just reading through this, the original MIT / Nederlandsche Bank paper is primarily about the lifecycle and e-waste of redundant BTC mining hardware, which seems a perfectly legitimate question, whether it is 1.5 years or 3 years. What happens to all of those machines, can they be recycled for any other purpose or are they all dumped on a third world country like Ghana or Bangladesh for stripping down like a lot of other toxic electronic waste from the developed world ? The trouble with the article is that it reframes the original research paper really poorly, making generalised comments about one BTC transaction being equivalent to binning two i-phones, which surely is just nonsense ( the article has already fairly quickly been pulled from the main page). But as a shareholder in a carbon-neutral mining company (which l think is a great policy), l'd be interested to know from PW what happens to all of the old machines. Seems like a fair question to me.