21–30 of 88 posts
"the decision to buy one Bitcoin versus about 29 iPhone 12 Pros emits 195 times as much CO₂" The headline made it sound like 195x a single iPhone...
How can this be calculated? I mean, it's possible to use solar energy for running mining equipment.
"the decision to buy one Bitcoin versus about 29 iPhone 12 Pros emits 195 times as much CO₂" The headline made it sound like 195x a single iPhone...
I feel like it's really easy to pin bitcoin on its energy usage just because it's so easily measurable. Is there any research that compares a traditional banking platform in terms of W/tx in comparison to bitcoin?
> 778,988 - The number of VISA transactions that could be powered by the energy consumed for a single Bitcoin transaction on average (1157.81 kWh).
Obviously bank transactions would also come out way ahead, those are essentially a DB update built on trust and for speed, whereas proof-of-work is severely inefficient by design.
This is a massive assumption, and likely wrong. From Ethereum to Cardano and beyond, NFT's are almost exclusively being created on smart contract platforms that either already utilize PoS or are transitioning to it quickly. So the idea that PoW will take precedent in the NFT space.. how?
Regarding fraud, is that to suggest PoS is not secure? Also a massive assumption and likely wrong.
An iPhone on the other hand produces around 100kg of CO2 to manufacture according to https://www.compareandrecycle.co.uk/blog/iphone-lifecycle-wh...
So in summary it's actually only 3 to 4 times.
How can this be calculated? I mean, it's possible to use solar energy for running mining equipment.
1. Less energy is available for other demands. They have to be filled up with other energy sources. (Assuming, that they do not use their own panels for mining.)
2. Producing solar panels produces CO2