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Re:Bitcoin Sees Wall Street Warm to Trading Virtual Currency by TeMPOraL on Tuesday May 08, 2018 @02:23AM (#17019196)
Even if he's overestimating by 2.8x, it's still within the same order of magnitude. So the conclusion of Bitcoin using up country-scale amounts of electricity is a valid one.
Re:Bitcoin Sees Wall Street Warm to Trading Virtual Currency by ianai on Tuesday May 08, 2018 @03:29AM (#17019449)
It’s also not like there’s any requirement for reporting energy figures by miners. 2.8x seems, to me, a very good estimate for something with large errors inherently.
Re:Bitcoin Sees Wall Street Warm to Trading Virtual Currency by mrb on Tuesday May 08, 2018 @11:23AM (#17021553)
My beef with claiming Bitcoin consumes "as much as a country" is that it is uninformative, highly misleading. Countries span multiple orders of magnitude so it is like saying a vehicle weights "as much as a rock" when a rock could be 1 kg or 10 tons.