Re:Bitcoin is a disaster
by blake1 on Thursday December 31, 2020 @09:04PM
(#25600050)
The US consumes about 4 PWh/year, so bitcoin isn't comparable with the nation as a whole. However, that is more power consumption than many individual states, so your overall point remains completely valid.
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Re:Bitcoin is a disaster
by matt-attack on Friday January 01, 2021 @10:19PM
(#25610056)
Your units are funny. Using W-hr (energy) and then making it a rate by making it per year which gets you back to power. You could have just said, “the US consumes energy at a rate of 450 GW”.
There’s no need to introduce hrs and years to the mix. Watts describe precisely what you’re attempting to quantify.
https://www.google.com/search?hl=en&q=4+PW+hr%2Fyear+in+GW&o...
Whoops yeah that should have been 9.4 quadrillion BTU. The online calculator I used for TWH conversion was very wrong. Looks like the correct value is about 2,000 twh for the us commercial sector?
If we assume banks are 10% of that, then it’s 200 twh. 3x bitcoin. But also, handling literally all finance and banking in the US. Vs essentially nothing for bitcoin, compared to the scale of the us economy.