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A comment on Bill Gates Says that Bitcoin is bad For the Planet. Parent comment

Re:Bill Gates Says that Bitcoin is bad For the Planet by fao_ on Monday March 08, 2021 @04:16PM (#26391669)
> That's laughably wrong, go look up how much revenue the Ethereum network is bringing in with smart contract fees.

Nobody is using the compute power, though. Can you point to what they are using it for, if you have an example?

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Re:Bill Gates Says that Bitcoin is bad For the Planet by thebean11 on Monday March 08, 2021 @04:33PM (#26391909)
What do you mean by compute power? Smart contracts (which run on-chain code) pay fees for each command they execute. The most popular smart contracts are token exchanges and DeFi (ie crypto backed loans).

Having trouble finding the total smart contract revenue, but this article has examples of the top few, and gives an idea of their usage patterns: https://medium.com/@vikati/ranking-ethereum-smart-contracts-...

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