/biz/ - Business & Finance

No, it's raising energy demand and thus energy prices, leading to less efficient early stage renewable energy source harvesting devices to be profitable to develop and sell, leading to a future where more efficient versions of those renewable energy harvesting devices will outcompete oil and fossil fuels before we run of out them, leading to more net carbon forever sealed in the earth as fossil fuels in the long run.

Now you understand the mechanics of capitalism a little better, and how mining shitcoins in wasteful processes actually saves earth.