#Bitcoin 's energy consumption FUD is baseless. There's no issue with energy consumption in the world; the consumption itself isn't the cause of CO2 emissions. Rather, the issue is with asymmetric and uneven energy consumption v. production. THREAD 1/10

Simply put, people don't live in places where most energy could be produced. There's nearly an infinite amount of unharvested, emission-free energy to be produced and consumed but that isn't being done because people don't live there; Sahara, oceans, Earth's core, and space. 2/10

This leads to the need of having to consume fossil fuels, uranium and unproductive renewables. They all cause relatively high emissions. There's a more important side note the FUDsters miss: the supply-and-demand dictates such consumption will always be relatively expensive.3/10

Bitcoin is the game changer. Bitcoin mining will always keep finding cheaper and cheaper energy sources. Eventually, it will find its way to the sources that are yet to be harvested - like the oceans, Sahara, Earth's core, space. 4/10

There's an additional beauty in Bitcoin mining - the Bitcoin mining rigs don't need to be close to populated areas unlike factories or most data centers do. This enables mining in places where people don't live, like in the middle of the Atlantic or in the space. 5/10

Actually, Bitcoin mining will help the fight against the global warming. Bitcoin miners will build infrastructure to produce and consume such yet-unharvested energy and, eventually, it will attract other consumption to move there which decreases global CO2 emissions. 6/10

Why hasn't this happened yet? 1) It IS happening and Bitcoin is nowadays mostly mined on renewable sources. 2) Bitcoin's value has yet to stabilize (which will happen when Bitcoin has taken over the world) and bullruns make mining Bitcoin on expensive sources profitable. 7/10

3) Governments, like that of Iran, subsidy fossil fuel consumption which makes mining using oil very cheap. 4) Bitcoin is still very young. - Give it a few decades, and all these will be fixed. 8/10

The central banking is very polluting; the banking infrastructure causes a lot more CO2 than Bitcoin does, but also the fiat money enables and is backed by armies. It might very well be that Bitcoin will never cause more CO2 emissions than the US army alone causes now. 9/10

Bitcoin mining will never be fully emission-free, but it will reduce global CO2 emissions caused by the modern fiat standard and many other energy-intense businesses. 10/10

I just realized this thread lacks notions of 1) mining on wasted energy, 2) cooling - both which bring new aspects to the mining, the latter specifically.