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A comment on Tech bubbles are bursting all over the place. Parent comment

Re:Tech bubbles are bursting all over the place by worik on Friday May 13, 2022 @05:39PM (#31372794)
> the energy use for crypto as a whole is on par with the energy use of the fiat currency system

That is an unbelievable statement just on the face of it.

But if we say: "What is the energy use per transaction?" what then?

The inefficiency of crypto currency is legendary.

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Re:Tech bubbles are bursting all over the place by pclmulqdq on Friday May 13, 2022 @08:05PM (#31373820)
I meant total energy spend for both systems. Despite the transaction volume being minuscule, crypto likely burns a similar amount of energy to the energy consumption of the global finance industry today.
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Re:Tech bubbles are bursting all over the place by worik on Saturday May 14, 2022 @07:01PM (#31383542)
> crypto likely burns a similar amount of energy to the energy consumption of the global finance industry today.

"likely"? What do you mean?

And that illustrates how incredibly inefficient crypto is

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