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Re:Bitcoin mining has driven up energy bills for residents a... by Workaccount2 on Thursday October 14, 2021 @10:10AM (#28864444)
That energy has output besides random hashes.
Re:Bitcoin mining has driven up energy bills for residents a... by fleddr on Thursday October 14, 2021 @11:18AM (#28865499)
Can you send me some of these random hashes? Since they're worthless?

Bitcoin secures over a trillion USD. 1 in 6 Americans own Bitcoin and user growth is faster than the rise of the internet and Facebook combined. Companies/Wallstreet are in, VCs are in, the first country has used it as a legal currency.

And yet you're still on this 12 year old narrative that it's worth zero?

Re:Bitcoin mining has driven up energy bills for residents a... by Workaccount2 on Thursday October 14, 2021 @02:14PM (#28867866)
>Can you send me some of these random hashes? Since they're worthless?

WKRQE0GD2T074CCH6ZOH5DYFI4TX3RMEIKHS7AWEUVYEH030GA1B36U8C1L4OWEC

5DYFI4TX3RMEIKHS7AWEGEALOI1LNLZLHKGQ2I8MJEU1XAAQPRG5MUYXXNFR9QRQ

W1T7OR1UZ20L6MAXB202PWTN0YQR4IXZ851CS6LB1HUL7AALT9Z8K1OZW7FIK9IS

Y112I5BI0RQ04G6LS1XZ3V4C6CY5G97IOYQ0EJSLRQ6CK4ZGCMNXHH2O3NQQ4RVK

XEIKU2MHPTOQOBPG3TCT09SBPGKR0WZ0UX119IBBBB0HORXV1F0YNF18ADQHE21I

Go wild

Re:Bitcoin mining has driven up energy bills for residents a... by fleddr on Thursday October 14, 2021 @02:28PM (#28868050)
I meant privately, now my wallet is leaking.
Re:Bitcoin mining has driven up energy bills for residents a... by nickthegreek on Thursday October 14, 2021 @01:10PM (#28867013)
Where is this 1 in 6 figure coming from.. that doesn't sound right at all.
Re:Bitcoin mining has driven up energy bills for residents a... by fleddr on Thursday October 14, 2021 @03:32PM (#28868898)
Admittedly, the stats are not fully consistent. This is due to the fact that it's hard to conclude on actual human users based on the amount of wallets. I've seen reports saying 1 in 6, 11%, and there's this report:

https://explodingtopics.com/blog/blockchain-stats

...which states 22% of US adults. If you select for a somewhat younger population (non-boomers), it's even 33%.

So I think the point stands, whether you pick the lowest or highest number amidst these studies. Bitcoin/crypto is far more widespread than some people think.

Re:Bitcoin mining has driven up energy bills for residents a... by axx0 on Thursday October 14, 2021 @10:19AM (#28864595)
a global p2p payment network has value.
Re:Bitcoin mining has driven up energy bills for residents a... by cabbageoverload on Thursday October 14, 2021 @10:42AM (#28864940)
If people were using Bitcoin for that purpose I might agree.
Re:Bitcoin mining has driven up energy bills for residents a... by Hamuko on Thursday October 14, 2021 @11:54AM (#28866005)
So does a vehicle yet taking a private plane to the shop might be excessive.
Re:Bitcoin mining has driven up energy bills for residents a... by wyager on Thursday October 14, 2021 @11:13AM (#28865416)
Like bombs?