221–230 of 397 posts
I think we should spend more "energy" on reducing the heat in the datacenter and solve the problem for everyone. Cooling the datacenter in the sea seems like a hacky (though creative) solution.
> There has been growing concern that the rapid expansion of the data centre industry could mean an explosion in energy use. But Emma Fryer, who represents the sector at Tech UK, says that fear has been exaggerated. If we're concerned about the technology industry vastly increasing energy consumption, lets look at the entire medium sized country's worth of energy bitcoin is consuming for absolutely useless calculatio…
Naturally scarce stores of value like Bitcoin, gold, diamonds, etc. have always "wasted" resources, whether they be power, human resource, or polluting the environment. On one hand you could regard them as immoral because of this, on the other hand they enable the freedom to store value without trust.
This means that Bitcoin is a 0-sum game*, and a tremendous waste of resources. At least with gold mining we end up with a material that has important industrial use.
0-sum game: Meaning, in order for someone to profit with Bitcoin, someone has to take a loss.
Earlier quoted context omitted.
TIL. Those pesky Vikings. My cousin, from Indiana, is currently serving as a minister on Stronsay. The scenic photos he's sharing are certainly encouraging me to contemplate a visit.
My great grandfather was skipper of the Evangeline who died along with all the crew off of Stronsay in 1909: https://www.youtube.com/watch?time_continue=27&v=0UVWUbJp3Ys http://www.axfordsabode.org.uk/disaster/evangeli.pdf Edit: (Can't work out if was great great grandfather or not! - but certainly some ancestor!) Edit2: I'd definitely recommend visiting Orkney - it regularly gets evaluated as one of the nicest bits…
Earlier quoted context omitted.
They're all arbitrary stores of value whos intrinsic value is not justified by the market price?
Only Bitcoin requires the continuous consumption of energy to continue being a useful asset though.
This is comparable to gold, as an increase in the gold price also incentivises increased mining.
> There has been growing concern that the rapid expansion of the data centre industry could mean an explosion in energy use. But Emma Fryer, who represents the sector at Tech UK, says that fear has been exaggerated. If we're concerned about the technology industry vastly increasing energy consumption, lets look at the entire medium sized country's worth of energy bitcoin is consuming for absolutely useless calculatio…
In the same vein, I'd be curious how much energy gets consumed by HFT.
> There has been growing concern that the rapid expansion of the data centre industry could mean an explosion in energy use. But Emma Fryer, who represents the sector at Tech UK, says that fear has been exaggerated. If we're concerned about the technology industry vastly increasing energy consumption, lets look at the entire medium sized country's worth of energy bitcoin is consuming for absolutely useless calculatio…
Naturally scarce stores of value like Bitcoin, gold, diamonds, etc. have always "wasted" resources, whether they be power, human resource, or polluting the environment. On one hand you could regard them as immoral because of this, on the other hand they enable the freedom to store value without trust.
> There has been growing concern that the rapid expansion of the data centre industry could mean an explosion in energy use. But Emma Fryer, who represents the sector at Tech UK, says that fear has been exaggerated. If we're concerned about the technology industry vastly increasing energy consumption, lets look at the entire medium sized country's worth of energy bitcoin is consuming for absolutely useless calculatio…
Naturally scarce stores of value like Bitcoin, gold, diamonds, etc. have always "wasted" resources, whether they be power, human resource, or polluting the environment. On one hand you could regard them as immoral because of this, on the other hand they enable the freedom to store value without trust.