WallStreetBets members adopt 3,500 gorillas in six days

Re:WallStreetBets members adopt 3,500 gorillas in six days by Sebb767 on Thursday March 18, 2021 @07:45AM (#26501662)

And mining Bitcoin requires chip makers (including rare earth materials), the tech industry and the whole internet. If you include side channels in visa, you'll need to do the same for Bitcoin.

Yes, Bitcoin has advantages, but low energy consumption is not one of them.

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Re:WallStreetBets members adopt 3,500 gorillas in six days by mszcz on Thursday March 18, 2021 @07:53AM (#26501708)

I never said it's energy usage is low. I said (more or less) that for what it is it's energy usage is low.

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Re:WallStreetBets members adopt 3,500 gorillas in six days by simiones on Thursday March 18, 2021 @11:49AM (#26503904)

Bitcoin, at best, does what SWIFT does for the financial system. Comparing it with the entire global financial system is laughable.

For what it is, it consumes ENORMOUS amounts of energy.

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