Re:Cambridge Bitcoin Electricity Consumption Index
by wonnage on Wednesday February 10, 2021 @01:57PM
(#26093261)
At least gold is useful for something though
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Re:Cambridge Bitcoin Electricity Consumption Index
by kosievdmerwe on Wednesday February 10, 2021 @02:19PM
(#26093468)
Gold also doesn't require constant electricity expenditure to keep it's value and "utility"z
A kilo of gold once mined is perpetual. A bitcoin needs the whole network to keep running (and be large enough so that miners can't collude) to keep it's value.