The way bitcoin (and related) are “mined” is extremely energy hungry. IMO, there could very well be a law… or a tax… on such calculations. Hard to enforce, though.
The report states that each Bitcoin transaction consumes 1,173-kilowatt hours of electricity. That’s the volume of energy that could “power the typical American home for six weeks,” the authors add. The Bitcoin mining that enables a purchase, sale, or transfer…..uses a slug of electricity that costs $176.
Bitcoin currently consumes around 110 Terawatt Hours per year — 0.55% of global electricity production, or roughly equivalent to the annual energy draw of small countries like Malaysia or Sweden.
Are we capable of self-reflection, or are we amoeba?……………..I mean I understand that patrick murphy, loony squiggles, montana bill, rikitikiDA, klemubermoron, ammosexuallydysfunctional, opspecial ed, JAwholikesbluegrass, jane b thinkin’ VERY ignorantlee, 60 rottenbuzzardbrains adhered to a scorching sidewalk, are amoeba, but can we overcome them?
Concretionist about 2 years ago
The way bitcoin (and related) are “mined” is extremely energy hungry. IMO, there could very well be a law… or a tax… on such calculations. Hard to enforce, though.
Kilrwat Premium Member about 2 years ago
Crime against humanity
Masterskrain Premium Member about 2 years ago
Um… what the HELL is an “NFT”???
TheWildSow about 2 years ago
But, but, but….WTF are bitcoins/NFT’s/Crypto-whatevers, etc…??
(Note: Please don’t try to answer that; I don’t really want to know.)
banjoAhhh! about 2 years ago
The report states that each Bitcoin transaction consumes 1,173-kilowatt hours of electricity. That’s the volume of energy that could “power the typical American home for six weeks,” the authors add. The Bitcoin mining that enables a purchase, sale, or transfer…..uses a slug of electricity that costs $176.
Bitcoin currently consumes around 110 Terawatt Hours per year — 0.55% of global electricity production, or roughly equivalent to the annual energy draw of small countries like Malaysia or Sweden.
wildthing about 2 years ago
The Thelma and Louise approach to solving Climate Change.
FreyjaRN Premium Member about 2 years ago
Another way to scam people.
rossevrymn about 2 years ago
Are we capable of self-reflection, or are we amoeba?……………..I mean I understand that patrick murphy, loony squiggles, montana bill, rikitikiDA, klemubermoron, ammosexuallydysfunctional, opspecial ed, JAwholikesbluegrass, jane b thinkin’ VERY ignorantlee, 60 rottenbuzzardbrains adhered to a scorching sidewalk, are amoeba, but can we overcome them?