Re:The problem Bitcoin solves
by prolikewh0a on Sunday November 11, 2018 @03:26PM
(#18428385)
Keeping the blockchain going requires enormous amounts of electricity, which contributes to Climate Change greatly. Unless it can solve this issue, it must be shut down for the survival of humanity.
[ Parent
| on HN ]
World energy production: 168,519TWh
https://en.m.wikipedia.org/wiki/World_energy_consumption
Bitcoin mining energy consumption: 73.12TWh
https://digiconomist.net/bitcoin-energy-consumption
Percentage: 0.0433897661%
I wish people would actually do some research before making hyperbolic statements like this.
edit (percent fix and formatting)
Re:The problem Bitcoin solves
by prolikewh0a on Sunday November 11, 2018 @05:49PM
(#18429204)
Do you know how large 73TWh is? 0.04% is huge when compared to total energy consumption
I don't find it large compared to other uses of electricity that waste large amounts, or other forms of pollution that don't provide any use to the world.
If you find it useless then sure vilify it, but not everyone feels that the creation of an entire industry that has allowed certain people financial freedom is a drain. I feel there are much bigger fish to aim an ecological spear at.
(updated the previous comment to show production not consumption btw)
Re:The problem Bitcoin solves
by prolikewh0a on Sunday November 11, 2018 @06:25PM
(#18429374)
I'm not singling out Bitcoin at all. I think all polluters need to become carbon neutral or quit existing. It's a part of the problem, no matter how small of a percentage of pollution it is.
Electricity secures bitcoin's inherent security. It's a feature, not a bug.
Seeing as most everyone's information used to access credit is available on dark sites, I'm willing to go long on cryptocurrencies.