Re:Web3 – A Vision for a Decentralized Web
by thibmeu on Friday October 01, 2021 @11:57AM
(#28720088)
*author's here.
Agree with you 110 Terawatt Hours per year is likely too much, even though it's `less alarming than you might think` (quote from the last paragraph of HBR article). Core of the post was not much on the usage of Bitcoin rather than the trend towards decentralisation. Resource usage of proof-of-work based blockchain is definitely a discussion for a later post though.
I also invite you to look at the source for this number (https://cbeci.org/cbeci/comparisons), which is nuanced, and makes the distinction between electricity and energy consumption.
Re:Web3 – A Vision for a Decentralized Web
by sandofsky on Friday October 01, 2021 @02:41PM
(#28722027)
Bitcoin consumes more energy than Sweden. There is no nuance. If you'd like to address that, feel free engage here, but I'm not wasting my time on the mental gymnastics course you linked to.
Agree with you 110 Terawatt Hours per year is likely too much, even though it's `less alarming than you might think` (quote from the last paragraph of HBR article). Core of the post was not much on the usage of Bitcoin rather than the trend towards decentralisation. Resource usage of proof-of-work based blockchain is definitely a discussion for a later post though.
I also invite you to look at the source for this number (https://cbeci.org/cbeci/comparisons), which is nuanced, and makes the distinction between electricity and energy consumption.