Cambridge Bitcoin Electricity Consumption Index

Re:Cambridge Bitcoin Electricity Consumption Index by newswasboring on Wednesday February 10, 2021 @11:06AM (#26090987)

> So things that the majority don't like / understand should be illegal because they use resources? You can't see the issue with that?

There is a difference between majority not liking and only like 0.2% of the world consuming more energy than _a whole country_. There are 5million bitcoin users, they are consuming more electricity than 44 million people's daily lives. Think about the scale of imbalance here.

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Re:Cambridge Bitcoin Electricity Consumption Index by shawnz on Wednesday February 10, 2021 @07:17PM (#26096649)

While the phrase "a whole country" sounds dramatic, that doesn't really put the usage into perspective compared to those other examples.

For example MGM claims their properties in Nevada consume 171 MW. That's more than 65 of the countries from this list: https://en.wikipedia.org/wiki/List_of_countries_by_electrici...

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Re:Cambridge Bitcoin Electricity Consumption Index by newswasboring on Thursday February 11, 2021 @03:23AM (#26099428)

Let me rephrase that. 5 million people are using more energy for small parts of their daily transactions than 44 million people in their entire daily lives. Sounds pretty dramatic to me. Even if we say that the argentinian electricity consumption is 10x lower than anywhere else, it will still be 5million people's partial amounts of transaction and 4.4 million people's daily lives (which includes all the transactions they make daily).

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