Bitcoin/Ethereum/cryptocurrencies

Darmark7

Darmark7

Retired 2020. Not my Problem Anymore!
How could any Democrat that is concerned with Climate change be for Bitcoin? They should be shutting down roads and throwing paint on pictures over it!


Bitcoin mining consumes an enormous amount of electricity. According to Crypto.com, one bitcoin transaction consumes 851.77 kWh of energy on average, which is the equivalent of around one month of electricity for the average U.S. household.
 
Thebrownblob

Thebrownblob

Well-Known Member
Doublestandards said:

@Over70irregs
Click to expand...
Is this really shocking? They don’t really have anything to sell anymore. They’re not super competitive on their console sales and there is very little in the way of software for them to sell either used or new because most people are digital downloading.
 
BadIdeaGuy

BadIdeaGuy

Moderator
Staff member
Darmark7 said:
How could any Democrat that is concerned with Climate change be for Bitcoin? They should be shutting down roads and throwing paint on pictures over it!


Bitcoin mining consumes an enormous amount of electricity. According to Crypto.com, one bitcoin transaction consumes 851.77 kWh of energy on average, which is the equivalent of around one month of electricity for the average U.S. household.
Click to expand...
Four orders of magnitude more power used than for Ethereum.

I've never understood the dislike for a proof of stake model.
 
Over70irregs

Over70irregs

Well-Known Member
Darmark7 said:
How could any Democrat that is concerned with Climate change be for Bitcoin? They should be shutting down roads and throwing paint on pictures over it!


Bitcoin mining consumes an enormous amount of electricity. According to Crypto.com, one bitcoin transaction consumes 851.77 kWh of energy on average, which is the equivalent of around one month of electricity for the average U.S. household.
Click to expand...
Data centers and AI account for a tremendous portion of increased electricity needs. The Electric Power Research Institute (EPRI) estimates that data centers could consume up to 9% of U.S. electricity generation by 2030, more than doubling from 4% in 2023. There are many reasons for data centers and AI to use sustainable amounts of energy. From 2010 to 2018, global IP traffic increased tenfold while data center storage capacity grew by 25 times.
 
oldngray

oldngray

nowhere special
Over70irregs said:
Data centers and AI account for a tremendous portion of increased electricity needs. The Electric Power Research Institute (EPRI) estimates that data centers could consume up to 9% of U.S. electricity generation by 2030, more than doubling from 4% in 2023. There are many reasons for data centers and AI to use sustainable amounts of energy. From 2010 to 2018, global IP traffic increased tenfold while data center storage capacity grew by 25 times.
Click to expand...
Google just built a new data center near here and it would probably be losing money if they hadn't also built a huge solar farm next to it. They had to put in a new substation there to handle the electricity.

Of course that used to be productive farmland so there is a trade off involved.
 
Over70irregs

Over70irregs

Well-Known Member
oldngray said:
Google just built a new data center near here and it would probably be losing money if they hadn't also built a huge solar farm next to it. They had to put in a new substation there to handle the electricity.

Of course that used to be productive farmland so there is a trade off involved.
Click to expand...
No one talks about all the stranded energy that has no place to go.
 
Over70irregs

Over70irregs

Well-Known Member
For all of you guys who got scared with the ₿ dip, this is why you don’t receive nice things. I’m just keeping it real
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