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Re:Bitcoin Breaks $60k by matheusmoreira on Saturday March 13, 2021 @10:53AM (#26447357)
It's not even 1% of global energy consumption. There are much bigger problems out there that should be prioritized such as fossil fuels. By the time we've solved those, cryptocurrencies will hopefully have moved on to less expensive proof systems.
Re:Bitcoin Breaks $60k by DennisP on Saturday March 13, 2021 @11:01AM (#26447410)
Cryptocurrencies besides Bitcoin are already moving on. By marketcap, the second through fourth-largest blockchains either don't use miners or are getting rid of them within a year.
Re:Bitcoin Breaks $60k by matheusmoreira on Saturday March 13, 2021 @11:10AM (#26447470)
Indeed. Honestly bitcoin is already outdated technology. It enjoys its current position by virtue of being the first and most well-known cryptocurrency. Ethereum and Monero are much more important technologies, I hope they'll one day be able to switch to cheaper proofs so that we can spend less energy as well as less money in fees.