News for hackers. Stuff that matters.

A comment on China says it wants to eliminate Bitcoin mining. Parent comment

Re:China says it wants to eliminate Bitcoin mining by davidgerard on Tuesday April 09, 2019 @04:34PM (#19618681)
> Replacing an oppressive apparatus that is relying on proof of military/police power to establish trust in banking with some form of an algorithm that is relying on proof of work/energy may be energy saving at the end.

Bitcoin, 0.1% of all electricity: 7 tps

THE ENTIRE REST OF CIVILISATION, 99.9% of all electricity: a whole lot more than 6993 tps.

[ Parent | on HN ]
Re:China says it wants to eliminate Bitcoin mining by turtlecloud on Tuesday April 09, 2019 @11:28PM (#19621565)
The best comparison is with the energy used for gold mining which far exceeds bitcoin energy costs. If you look at the giant trucks used in gold mines, you will are the energy savings.
[ Parent | on HN ]
Re:China says it wants to eliminate Bitcoin mining by davidgerard on Sunday April 14, 2019 @07:53AM (#19658846)
one day someone will tell bitcoiners that (a) gold isn't the basis of the economy any more, and hasn't been for quite a while (b) yes, gold mining is also an ecological disaster that should be stopped
[ Parent | on HN ]