Re:China's Ban on Bitcoin Follows a Pattern Frequently Used ...
by techsin101 on Tuesday July 13, 2021 @01:44PM
(#27823833)
Why would anyone compare electric consumption of a country with digital currency? That is the most ridiculous comparison I've ever seen. In terms of reaching, this reaching to mars and possibly beyond. Lets compare energy consumption of bitcoin with online banking. That's at least in the same neighborhood. A country contributions to mankind include infrastructure, manufacturing, mining, powering hospitals, airports, schools, sewage system, trains, telecommunication, research labs, libraries, warehouses, ..... list goes on. What does bitcoin does? nothing. There is no comparison.
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Re:China's Ban on Bitcoin Follows a Pattern Frequently Used ...
by viraptor on Tuesday July 13, 2021 @04:35PM
(#27825976)
> Why would anyone compare electric consumption of a country with digital currency?
Because we don't operate in GW / TW units typically, so some size comparison is needed for mental visualisation. In the same way I'd say "about the size of a basketball" rather than "it's 250 cubic cm".
Re:China's Ban on Bitcoin Follows a Pattern Frequently Used ...
by techsin101 on Tuesday July 13, 2021 @09:24PM
(#27828437)
No you didn't just compare to demonstrate difference in units, you asserted that bitcoin energy consumption is harmless as it only makes a tiny percentage of China's total consumption. Which is like saying oh these shoes cost $8k but that's nothing compared to your house! what???