News for hackers. Stuff that matters.

A comment on Bitcoin emissions alone could push global warming above 2°C: study from 2018. Parent comment

Re:Bitcoin emissions alone could push global warming above 2... by CryptoGhost on Sunday January 17, 2021 @05:20PM (#25815741)
Comparing Bitcoin to a credit card payment isn't really a fair comparison. (Since if people really like the credit card model so much you can build credit card like things on top of the Bitcoin network) A more apt comparison would be to an international wire transfer which costs $15-$40 and takes a few days to complete.
[ Parent | on HN ]
Re:Bitcoin emissions alone could push global warming above 2... by afavour on Sunday January 17, 2021 @05:41PM (#25815980)
... but doesn’t consume anywhere near the levels of power that Bitcoin does.
[ Parent | on HN ]
Re:Bitcoin emissions alone could push global warming above 2... by CryptoGhost on Sunday January 17, 2021 @06:17PM (#25816280)
You would have to equalize for speed and transfer fees (because people consume a quite a bit of energy doing things faster and obtaining money) and then somehow come up with some way to calculate all the necessary energy for a wire transfer.
[ Parent | on HN ]