Proof of stake is incapable of producing a consensus

Re:Proof of stake is incapable of producing a consensus by LordDragonfang on Sunday November 28, 2021 @02:42AM (#29366985)

>Christmas lights

Well, let's see

>Bright lights strung on American trees, rooftops and lawns account for 6.63 billion kilowatt hours of electricity consumption every year [1]

>Bitcoin mining consumes around 91 terawatt-hours of electricity annually. [2]

Huh. That's at least the same order of magnitude, at any rate.

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Re:Proof of stake is incapable of producing a consensus by plokiju on Sunday November 28, 2021 @03:01AM (#29367080)

And that’s only looking at US Christmas lights, not world-wide

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Re:Proof of stake is incapable of producing a consensus by knorker on Sunday November 28, 2021 @03:34AM (#29367226)

Even extremely generously scaling it up by population that still means Bitcoin uses three orders of magnitude more.

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Re:Proof of stake is incapable of producing a consensus by NhanH on Sunday November 28, 2021 @03:57AM (#29367341)

Billion kilo is already the same magnitude as tera (it’s kilo-> mega-> giga -> tera: 1000^3).

Did I miss something or is your comment factually incorrect?

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Re:Proof of stake is incapable of producing a consensus by knorker on Sunday November 28, 2021 @06:07AM (#29367970)

No that was me. Gah, megakilowatthours. :-(

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Re:Proof of stake is incapable of producing a consensus by LordDragonfang on Monday November 29, 2021 @08:05PM (#29387513)

It's also only looking at bitcoin, which is less than half of total crypto mining by energy usage. Adding ETH alone already doubles it.

Meanwhile, I'd reckon that the US accounts for the majority of Christmas lights.

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