Re:Kosovo bans cryptocurrency mining to save electricity
by bhelkey on Wednesday January 05, 2022 @03:49PM
(#29814714)
> Crypto things however seem a whole other level of energy waste.
According to the New York Times, Bitcoin uses a little less than half a percent of all the electricity consumed in the world [1].
[1] https://www.nytimes.com/interactive/2021/09/03/climate/bitco...
Re:Kosovo bans cryptocurrency mining to save electricity
by Matthias247 on Thursday January 06, 2022 @12:40PM
(#29826762)
Should this now be interpreted as „it’s a lot“ or „it isn’t a lot“, relative to the economical and social importance of bitcoin? How much does all watching of TV consume? Of all personal PC gaming? Of all cooking? Operating every theatre on the planet?
It certainly is in terms of being only for entertainment and no deeper use. However the amount of energy wasted here (let’s say 300W on a fairly high end machine) falls into the average area of energy spending per person, and thinks like driving or keeping unnecessary light bulbs on is same or worse. Crypto things however seem a whole other level of energy waste.