How much energy does watching porn consume? Playing video games? Watching a movie? Browsing Facebook? Using a ski chair? Visiting an amusement park? Going in vacation? Cooking your favorite type of food? Making ice cream? Driving to your friends? Listening to music? Concerts? Having a party? Banking? Casinos? As a species we use energy to meet our goals. Those goals may be situated anywhere in our hierarchy of needs.…
Cambridge Bitcoin Electricity Consumption Index
391–400 of 1001 posts
Re: Cambridge Bitcoin Electricity Consumption Index
#392How much energy does watching porn consume? Playing video games? Watching a movie? Browsing Facebook? Using a ski chair? Visiting an amusement park? Going in vacation? Cooking your favorite type of food? Making ice cream? Driving to your friends? Listening to music? Concerts? Having a party? Banking? Casinos? As a species we use energy to meet our goals. Those goals may be situated anywhere in our hierarchy of needs.…
Half of them think people are mining Bitcoin on GPUs, and almost none of them know about Proof of Stake coins. Not that I want to excuse the egregious power consumption of PoW coins, but I do wish the holier-than-thou crowd would at least do a little more research.
Re: Cambridge Bitcoin Electricity Consumption Index
#393Ok, I have to admit that I am one of those people who knew about BTC very, very early but never bought any. Now, of course I should have mined at least 100 back in the days, but anyways. The reason I have never mined nor bought into it is that I still, to this day struggle to come up with a real reason to do so. Am I getting too old? Do I not see the "huge potential" what it may become? Don't I want to get freaking r…
I work in information security, and have seen first hand how our existing financial infrastructure is held together with string and scotch tape. For 10 years or so, every time I heard about some big credit card theft, or wire fraud, or SWIFT hack, I would go see if anyone had figured out how to do cryptocurrencies yet. Then 2009 rolled around and I got an email forwarded to me from someone named Satoshi who had apparently figured out a really solid mitigation for the double spend problem, and had actually released some working PoC code in the form of Bitcoin.
Yes, there are a ton of problems with Bitcoin. I've been extremely critical even since that first email, but those problems are nothing compared to the existing systemic problems plaguing traditional finance.
Getting rich was never a draw for me. I'm not quite retired (though this year has been pretty good) but I have spent 10s of thousands of Bitcoins over the years building up various aspects of the economy in order to maximize the utility of the network. I could easily be living on my own private island if I had held onto the coins I CPU mined in the early days, but I have no regrets at all about how I spent those coins. I'm more passionate about this than most, I know, but I 100% believe that legacy finance is a massive hindrance to the sustainability of our species, and crypto-economics will be a key aspect in building healthy incentives for a technologically driven society.
Re: Cambridge Bitcoin Electricity Consumption Index
#394How much energy does watching porn consume? Playing video games? Watching a movie? Browsing Facebook? Using a ski chair? Visiting an amusement park? Going in vacation? Cooking your favorite type of food? Making ice cream? Driving to your friends? Listening to music? Concerts? Having a party? Banking? Casinos? As a species we use energy to meet our goals. Those goals may be situated anywhere in our hierarchy of needs.…
If maintaining the infrastructure for something a miniscule percentage of the world's population benefit from requires more energy than entire countries, surely it's worth interrogating whether the benefits outweigh the costs?
What does this mean, in practice? Who investigates and what is the outcome?
Do the things OP listed above warrant a similar investigation?
Re: Cambridge Bitcoin Electricity Consumption Index
#395Earlier quoted context omitted.
If maintaining the infrastructure for something a miniscule percentage of the world's population benefit from requires more energy than entire countries, surely it's worth interrogating whether the benefits outweigh the costs?
But how do you set differential electricity prices by type of use? That seems nightmarish to try to enforce. So you criticize the miners, but what can actually be done about it?
Re: Cambridge Bitcoin Electricity Consumption Index
#396How much energy does watching porn consume? Playing video games? Watching a movie? Browsing Facebook? Using a ski chair? Visiting an amusement park? Going in vacation? Cooking your favorite type of food? Making ice cream? Driving to your friends? Listening to music? Concerts? Having a party? Banking? Casinos? As a species we use energy to meet our goals. Those goals may be situated anywhere in our hierarchy of needs.…
I tried to make this point on Reddit, and was downvoted to a smoking hole in the ground by people who were complaining that they can't get GPUs to play games, and that it's not eco-friendly. Of course, playing games on high powered GPUs is super eco-friendly, as are many other ways of making money... Half of them think people are mining Bitcoin on GPUs, and almost none of them know about Proof of Stake coins. Not tha…
Re: Cambridge Bitcoin Electricity Consumption Index
#397How much energy does watching porn consume? Playing video games? Watching a movie? Browsing Facebook? Using a ski chair? Visiting an amusement park? Going in vacation? Cooking your favorite type of food? Making ice cream? Driving to your friends? Listening to music? Concerts? Having a party? Banking? Casinos? As a species we use energy to meet our goals. Those goals may be situated anywhere in our hierarchy of needs.…
Re: Cambridge Bitcoin Electricity Consumption Index
#398How much energy does watching porn consume? Playing video games? Watching a movie? Browsing Facebook? Using a ski chair? Visiting an amusement park? Going in vacation? Cooking your favorite type of food? Making ice cream? Driving to your friends? Listening to music? Concerts? Having a party? Banking? Casinos? As a species we use energy to meet our goals. Those goals may be situated anywhere in our hierarchy of needs.…
I think the main problem people have is the actual result of the mining is useless, say compared to using all those computers for MI or Folding @ Home.
I think a better solution would be to get rid of these random bytes and replace them with a Folding @ Home or similar solution, where the computing power you donate results in you getting X bitcoin. Things that are a positive on society, rather then a negative.
But then again that is me being judgmental on others, maybe people care a ton about that string of random alphanumeric characters.
Re: Cambridge Bitcoin Electricity Consumption Index
#399Earlier quoted context omitted.
I'm in your boat, when it was first explained to me in a hacker space at college when it was first growing and priced at a few cents per 100++ Bitcoin. All I could see was a waste of energy and resources (time, energy, hardware). It will always be a drain on society, and it scares me that it hasn't failed because we see it draining our GPU industry to the point that market prices have gone insane and availability is…
You're looking at it from a totally wrong perspective. The U.S. government can print as much dollars as they want, whereas BTC cannot. The government does not care about green energy unless they can profit from it. To say that you did not buy BTC because of "wasting energy" is a very odd way to cope. You guys are so hung up on energy consumption, a meme, that you're forgetting the real intrinsic value of Bitcoin.
Re: Cambridge Bitcoin Electricity Consumption Index
#400How much energy does watching porn consume? Playing video games? Watching a movie? Browsing Facebook? Using a ski chair? Visiting an amusement park? Going in vacation? Cooking your favorite type of food? Making ice cream? Driving to your friends? Listening to music? Concerts? Having a party? Banking? Casinos? As a species we use energy to meet our goals. Those goals may be situated anywhere in our hierarchy of needs.…
I tried to make this point on Reddit, and was downvoted to a smoking hole in the ground by people who were complaining that they can't get GPUs to play games, and that it's not eco-friendly. Of course, playing games on high powered GPUs is super eco-friendly, as are many other ways of making money... Half of them think people are mining Bitcoin on GPUs, and almost none of them know about Proof of Stake coins. Not tha…