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A comment on Just 137 crypto miners use 2.3% of total U.S. power. Parent comment

Re:Just 137 crypto miners use 2.3% of total U.S. power by raincole on Friday February 09, 2024 @11:32AM (#39316581)
It's really hard to gauge how much utility cryptos are providing. After all, people who need cryptos the most are those who can't use "proper" channels to transfer money.
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Re:Just 137 crypto miners use 2.3% of total U.S. power by twojacobtwo on Friday February 09, 2024 @11:57AM (#39317048)
Also, some portion of those likely shouldn't be allowed to use any channels of money transfer (criminal organizations and their ilk), as they ultimately provide negative utility to the rest of society.
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Re:Just 137 crypto miners use 2.3% of total U.S. power by quickthrower2 on Friday February 09, 2024 @11:45AM (#39316835)
PoW is stupid and currencies need to evolve off of this.

Within Crypocurrency world there are Bitcoin maximalists who believe it is the only true coin and probably like PoW.

However other ones are moving to PoS which is better for the environment. Can’t comment on security but reckon they can make it secure.

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