News for hackers. Stuff that matters.

A comment on Why Banks Are Suddenly Closing Down Customer Accounts. Parent comment

Re:Why Banks Are Suddenly Closing Down Customer Accounts by MrVandemar on Sunday November 05, 2023 @07:45PM (#38157449)
> on balance detrimental to society relatively recently

Let's not forget Crypto mining has a not insignificant energy footprint, and is a driver of climate change. Really, detrimental to society from the get-go.

[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by ClumsyPilot on Sunday November 05, 2023 @08:07PM (#38157602)
> Crypto mining has a not insignificant energy footprint

So do casinos and Las Vegas. Its basically the same thing

[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by hanniabu on Sunday November 05, 2023 @09:00PM (#38157927)
Ethereum doesn't use mining and is incredibly energy efficient, estimated at 0.0026 TWh/yr (1/100th of Paypal)

https://ethereum.org/en/energy-consumption/

[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by jdiff on Monday November 06, 2023 @12:23AM (#38159168)
Paypal has far more than 100x the adoption of Ethereum
[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by hanniabu on Monday November 06, 2023 @12:36AM (#38159243)
Ethereum processes 6x more than PayPal
[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by jdiff on Monday November 06, 2023 @06:02AM (#38161041)
That's... the kinda claim that begs a source and an air freshener.
[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by hanniabu on Monday November 06, 2023 @08:19PM (#38171829)
https://money-movers.info/
[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by JCharante on Sunday November 05, 2023 @10:20PM (#38158435)
minting coins and printing bills has a huge energy footprint too
[ Parent | on HN ]