Re:Tech bubbles are bursting all over the place
by pclmulqdq on Friday May 13, 2022 @04:40PM
(#31372315)
Oh, that is only for bitcoin mining. Is there a source for the entire crypto ecosystem since you want to compare bitcoin mining to the entire gold supply chain? I would suspect that if you include shipment and storage, you are still under bitcoin mining for the entire gold supply chain.
However, the point still stands. Datacenters in the US use total energy less than 2 bitcoins. How many of those datacenters are moving fiat around? Way less than half?
Things like brewing tea and heating houses take a ton of energy. Moving money around doesn't!
Crypto is a huge waste, and that site does not suggest otherwise.
However, the point still stands. Datacenters in the US use total energy less than 2 bitcoins. How many of those datacenters are moving fiat around? Way less than half?
Things like brewing tea and heating houses take a ton of energy. Moving money around doesn't!
Crypto is a huge waste, and that site does not suggest otherwise.