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Re:AsicMiner's Immersion Cooling Mining Facility by altoz on Monday November 25, 2013 @03:16PM (#6796634)
> a lot of energy is going to waste now.

Is it? How much does Bank of America spend in energy to keep up its servers? Backups? disaster-recovery setups? That's a significant energy cost, too.

Re:AsicMiner's Immersion Cooling Mining Facility by simias on Monday November 25, 2013 @03:28PM (#6796728)
I think a better example would be high speed trading and similar.

Of course any big corporation or administration is going to have a lot of underused ressources and redundancy but it doesn't mean they burn power "for the sake of it" as bitcoin does.

Also, bitcoin is not a bank, it's supposed to be a currency. If big banks were to switch to bitcoin I don't think they would spend less energy doing all you said. So no matter what you think of bitcoin it's fair to say it's not very "green" so far.

Re:AsicMiner's Immersion Cooling Mining Facility by darkFunction on Monday November 25, 2013 @05:47PM (#6797648)
Greener than digging up precious metals to melt into blocks to be buried again in safes.
Re:AsicMiner's Immersion Cooling Mining Facility by baddox on Monday November 25, 2013 @09:34PM (#6798725)
A better example than Bank of America would be a payment system like VISA.
Re:AsicMiner's Immersion Cooling Mining Facility by jliptzin on Monday November 25, 2013 @03:39PM (#6796808)
That only accounts for a small fraction of the inefficient bloat of Big Banks