Despite its name, the infrastructure used by the “cloud” accounts for more global greenhouse emissions than commercial flights. In 2018, for instance, the 5bn YouTube hits for the viral song Despacito used the same amount of energy it would take to heat 40,000 US homes annually.
Large language models such as ChatGPT are some of the most energy-guzzling technologies of all. Research suggests, for instance, that about 700,000 litres of water could have been used to cool the machines that trained ChatGPT-3 at Microsoft’s data facilities.
Additionally, as these companies aim to reduce their reliance on fossil fuels, they may opt to base their datacentres in regions with cheaper electricity, such as the southern US, potentially exacerbating water consumption issues in drier parts of the world.
Furthermore, while minerals such as lithium and cobalt are most commonly associated with batteries in the motor sector, they are also crucial for the batteries used in datacentres. The extraction process often involves significant water usage and can lead to pollution, undermining water security. The extraction of these minerals are also often linked to human rights violations and poor labour standards. Trying to achieve one climate goal of limiting our dependence on fossil fuels can compromise another goal, of ensuring everyone has a safe and accessible water supply.
Moreover, when significant energy resources are allocated to tech-related endeavours, it can lead to energy shortages for essential needs such as residential power supply. Recent data from the UK shows that the country’s outdated electricity network is holding back affordable housing projects.
In other words, policy needs to be designed not to pick sectors or technologies as “winners”, but to pick the willing by providing support that is conditional on companies moving in the right direction. Making disclosure of environmental practices and impacts a condition for government support could ensure greater transparency and accountability.
If you could hold your breath long enough to get out of your first world bubble, you would be able to see that bitcoin is massively popular amongst people who need ways to escape their collapsing fiat currencies. It is hilarious how spoiled people who happen to be born in countries where everything is taken care of them are too thick and compationless to even consider that other people have actual problems.
I’m lucky enough to be from a country with a relatively stable fiat currency, although it is unclear how much longer that will be the case. In order to protect the value I’ve gained from my work, I do hold some of it in Bitcoin. I also use it to support charitable efforts in less fortunate countries. It is an excellent way to transfer value to exactly who I want to transfer it to without giving massive fees to banks and other companies that facilitate the transfer of funds.
A big thing to remember is that whenever you hold any countries currency, you are basically giving them a blank check to your energy. You are telling them that they can have as much of the value that you have saved that they want. When they print more money, they are taking that value directly from you. It is one thing to pay taxes on income, property, and goods purchased and sold, but on top of that, they have the ability to extract extra value from you just by running their printers. The more you believe that a government represents you and has your best wishes at heart, the more you should be holding their currency.
tbh if you’re worried about fiat currency, you shouldn’t be investing in crypto currency (which is even more volatile imo) but instead in real, physical assets (such as food and housing).
Then again, i believe that the big problems can only be solved by repairing the society as a whole. Investing in your own wealth, imo, isn’t worth it. But your choice is yours.
I’m lucky enough to be from a country with a relatively stable fiat currency,
Oh my God that’s hilarious that you are just making up a strawman of it being helpful for reasons you don’t even use.
What a weird libertarian crypto shill perspective that is so absolutely unhelpful for anyone.
