Re:China's Ban on Bitcoin Follows a Pattern Frequently Used ...
by mrpbennett on Tuesday July 13, 2021 @02:07PM
(#27824159)
got my China data from here https://ourworldindata.org/energy/country/china
Re:China's Ban on Bitcoin Follows a Pattern Frequently Used ...
by oefrha on Tuesday July 13, 2021 @02:18PM
(#27824270)
Okay, I misread your energy to electricity-only comparison. Divide 0.55% by 5 and it’s still alarming.
You also need to quantify all the non-electricity energy use going into the Bitcoin equal system, including but not limited to hardware production, transportation, depreciation, etc. I’m not sure if those are negligible.
If Bitcoin being as useless as it is consumes 0.55% of global electricity isn’t alarming I don’t know what is.