Re:Just 137 crypto miners use 2.3% of total U.S. power
by tyre on Friday February 09, 2024 @11:53AM
(#39316979)
> There is no comparison made to the energy consumption of the traditional banking industry, which I am sure is not a particularly energy-efficient industry.
Sure, but it’s highly unlikely to be as much and, more importantly, the banking industry is actually useful to power the vast, vast majority of real financial activity.
Mining consumes 2.3% of US power and it is used for essentially nothing useful. If it were to end up scaling and becoming a bedrock of US financial infrastructure, imagine how much power we’d need to generate.
Sure, but it’s highly unlikely to be as much and, more importantly, the banking industry is actually useful to power the vast, vast majority of real financial activity.
Mining consumes 2.3% of US power and it is used for essentially nothing useful. If it were to end up scaling and becoming a bedrock of US financial infrastructure, imagine how much power we’d need to generate.