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Re:Stripe is kick-starting market for carbon removal by adflux on Wednesday October 27, 2021 @09:26AM (#29012998)
Because mining bitcoin alone consumes more power than the entirety of the Netherlands. And all that for a very low amount of transactions.
Re:Stripe is kick-starting market for carbon removal by saddlerustle on Wednesday October 27, 2021 @09:31AM (#29013051)
A single aluminium smelter consumes more power than the entirety of the Netherlands. It's not a very useful comparison.
Re:Stripe is kick-starting market for carbon removal by objclxt on Wednesday October 27, 2021 @09:40AM (#29013154)
> A single aluminium smelter consumes more power than the entirety of the Netherlands. It's not a very useful comparison.

This is patently false. The Netherlands has an aluminium smelting plant[1].

Why would you say something so obviously disproven?

[1]:https://aldel.nl

Re:Stripe is kick-starting market for carbon removal by tata71 on Wednesday October 27, 2021 @02:00PM (#29016725)
Seemed like hyperbole in order to put forth the point that NL is the size of a German neighborhood.
Re:Stripe is kick-starting market for carbon removal by saddlerustle on Wednesday October 27, 2021 @02:54PM (#29017495)
No I got the Netherlands confused with Denmark, which was a comparison from when bitcoin was much smaller.
Re:Stripe is kick-starting market for carbon removal by Retric on Wednesday October 27, 2021 @09:36AM (#29013108)
That’s wildly incorrect, why would you think it’s true?

Netherlands uses 108,800 GWh per yer. Global aluminum smelting is 8x that, but no single smelter comes close to producing 1/8th the worlds aluminimum.

Re:Stripe is kick-starting market for carbon removal by jamiek88 on Wednesday October 27, 2021 @09:36AM (#29013109)
Yes and that is useful work. Unlike bitcoin.
Re:Stripe is kick-starting market for carbon removal by politician on Wednesday October 27, 2021 @09:30AM (#29013047)
If you’re concerned with high energy requirements for a low number of transactions, just wait until you learn about FedWire!