Political clickbait. Many global activities use more electricity than Argentina. Please ban
Cambridge Bitcoin Electricity Consumption Index
411–420 of 1001 posts
Re: Cambridge Bitcoin Electricity Consumption Index
#412How 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.…
> reeks of hypocrisy
says the bitcoin holder that profits from it's adoption.
Re: Cambridge Bitcoin Electricity Consumption Index
#413Earlier 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?
> 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?
I don't think it matters who you ask to investigate it, everyone except bitcoin users themselves will realise that it's an absurd waste of electricity, for very little added value.
Re: Cambridge Bitcoin Electricity Consumption Index
#414Ok, 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…
It’s good for telling other people to buy more and checking price daily.
And making whiny comments on HN when it's mentioned.
Re: Cambridge Bitcoin Electricity Consumption Index
#415Ok, 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…
Inflation-proof store of value.
Only a given bitcoin fork is inflation proof. Bitcoin itself is infinitely forkable, and if someone greatly improves the experience of creating and trading forks, we're at risk of inflation in a way fiat currencies are not.
Re: Cambridge Bitcoin Electricity Consumption Index
#416How 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.…
and this post reeks of missing the point. people should be judged for how they consume energy because excess consumption is simply wasteful, and in the middle of the ongoing global catastrophe called climate change - isn't something we can exactly afford
obviously this raises the question of what is and isn't excessive, but I think there are apparent cases where the benefits of excessive energy consumption people clearly don't out weight the cost - see flying, cruises, rampant shopping, etc.
I think Bitcoin and similar cryptocurrencies fall into that category, especially when there are other coins that require nearly as many resources to function
Re: Cambridge Bitcoin Electricity Consumption Index
#417How 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.…
The almighty dollar rights all wrongs. If I’m paying for it, what do you care? This is a slightly dressed up Tragedy in The Commons.
Some people do say that whatever anything costs is what it is worth.
Re: Cambridge Bitcoin Electricity Consumption Index
#418How 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?
> a minuscule percentage
This is true right now considering how nascent this is, but what happens if adoption picks up?
One thing I’d like to see discussed is what the marginal power cost of Bitcoin is. From where I sit, the vast majority of power consumption is fixed per block, and occurs regardless of whether you have 1 or 10,000 transactions.
Re: Cambridge Bitcoin Electricity Consumption Index
#419Complaining about Bitcoin now uses more electricity than Lichtenstein
Re: Cambridge Bitcoin Electricity Consumption Index
#420Does gold coin use more gold than Argentina?