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Re:Bitcoin’s Price Was Artificially Inflated Last Year, Rese... by kaoD on Wednesday June 13, 2018 @03:48PM (#17306348)
And yet it isn't providing value to 0.05% of the world's population. Even if it did, the energy would go up (exponenially?)

I'm not sure the tradeoff is worth it.

Re:Bitcoin’s Price Was Artificially Inflated Last Year, Rese... by outworlder on Wednesday June 13, 2018 @06:30PM (#17307549)
When I am playing a game, my computer's power consumption increases by a lot. I am using more energy and ultimately generating more entropy in the universe. Is it worth it?
Re:Bitcoin’s Price Was Artificially Inflated Last Year, Rese... by RugnirViking on Saturday June 16, 2018 @09:56AM (#17327404)
Your computer's power consumption increases by a lot - so much in fact it might hit it's cpu and gpu rated max wattage - perhaps 300 watts in all for a high-power PC. A kettle uses around on average 1800 watts while on. Washing machine is 700 watts. On the scale of home gadgets, a fairly beefy home PC is only really in the middle of the pack for power consumption.
Re:Bitcoin’s Price Was Artificially Inflated Last Year, Rese... by King-Aaron on Wednesday June 13, 2018 @08:27PM (#17308243)
Depends on the game.
Re:Bitcoin’s Price Was Artificially Inflated Last Year, Rese... by Izkata on Wednesday June 13, 2018 @10:26PM (#17308773)
While this was almost certainly a joke, to the downvoters: Did you know about Foldit [0], the protein-folding game that actually contributes to scientific research?

[0] https://en.wikipedia.org/wiki/Foldit

Re:Bitcoin’s Price Was Artificially Inflated Last Year, Rese... by King-Aaron on Thursday June 14, 2018 @12:16AM (#17309241)
Re:Bitcoin’s Price Was Artificially Inflated Last Year, Rese... by thecrazyone on Friday June 15, 2018 @06:01AM (#17318635)
> Depends on the game. lol

> When I am playing a game, my computer's power consumption increases by a lot. I am using more energy and ultimately generating more entropy in the universe. Is it worth it?

Yup, that's the right answer to a collectivist sentiment. Value is subjective

Re:Bitcoin’s Price Was Artificially Inflated Last Year, Rese... by robocat on Wednesday June 13, 2018 @05:20PM (#17307045)
Mostly what we think others should spent their money on is irrelevant.

For example the global pet care market has sales of approx $100 billion. Many people think that is a waste.

H Other examples more than 0.05% simple to find!

Re:Bitcoin’s Price Was Artificially Inflated Last Year, Rese... by thecrazyone on Friday June 15, 2018 @06:02AM (#17318637)
> Mostly what we think others should spent their money on is irrelevant. Yup yup. One would think this is almost a tautology but sadly isn't
Re:Bitcoin’s Price Was Artificially Inflated Last Year, Rese... by vokep on Wednesday June 13, 2018 @08:08PM (#17308153)
Actually it may be more worth it than most energy sucking things.

If it becomes an actual currency, the proof-of-work system will put everyone in an arms race of power/compute efficiency unlike any other.

Re:Bitcoin’s Price Was Artificially Inflated Last Year, Rese... by RIMR on Wednesday June 13, 2018 @08:15PM (#17308181)
That's actually a great point.

FPGA and GPU development has been granted quite the stimulus package from the crypto craze.

There are secondary benefits to this technology.

I bet the economic incentive got a lot more people into coding than before too.

Re:Bitcoin’s Price Was Artificially Inflated Last Year, Rese... by aeternus on Friday June 15, 2018 @08:34PM (#17324963)
It could be providing value even if only used by a small percentage of the world by serving as a price floor on electricity.

It de-risks and incentives clean and cheap energy generation like solar.