Kwukduck next?
Topic: Bitcoin's huge carbon footprint - deal breaker - page 2. (Read 339 times)
Yes! You know that Bitcoin is finally in full bull mode, when the fudsters start coming out from the rocks they call their homes.
Kwukduck next?
Kwukduck next?
raw dog thinking electricity is generated by rubbing 2 raw lumps of coal together and blowing the carbon dust into the air
by the way the 45twh is based on if the network was hashing at a constant 50exahash
only problem is that winter 18-19 the hashrate was down at 35exa.. meaning the twh would be much lower.
also new asics use less electric this year for the same exa.. so again the twh used is less than 45twh
but atleast at the exaggerated numbers of that article..
bitcoin uses similar electric to ONE CITY (Las vegas)
bitcoin uses less electric than keeping bottles of pepsi chilled
just to show how naive and outdated/innaccurate the articles 'research is'.. here is a quote from the source report
"but there is a wide scale ranging from students who do not pay for their electricity (some of whom applied to support this research)16 to gamers who leverage their graphics cards whenever they are not playing (as reflected in Nvidia’s volatile sales allocated to crypto"
P.S. even back in 2011-2013 days of GPU mining. EVERYONE knew never to buy Nvidia... if people were not mining with ATI then they might aswell not bother
by the way the 45twh is based on if the network was hashing at a constant 50exahash
only problem is that winter 18-19 the hashrate was down at 35exa.. meaning the twh would be much lower.
also new asics use less electric this year for the same exa.. so again the twh used is less than 45twh
but atleast at the exaggerated numbers of that article..
bitcoin uses similar electric to ONE CITY (Las vegas)
bitcoin uses less electric than keeping bottles of pepsi chilled
just to show how naive and outdated/innaccurate the articles 'research is'.. here is a quote from the source report
"but there is a wide scale ranging from students who do not pay for their electricity (some of whom applied to support this research)16 to gamers who leverage their graphics cards whenever they are not playing (as reflected in Nvidia’s volatile sales allocated to crypto"
P.S. even back in 2011-2013 days of GPU mining. EVERYONE knew never to buy Nvidia... if people were not mining with ATI then they might aswell not bother
Power generators always generate much more electricity than actual demand requires to maintain grid reliability and prevent blackouts. They sell that excess electricity cheap
As long as we have people this dumb in the Bitcoin community, it won't matter at all about global warming. Carry on!!!
Power generators always generate much more electricity than actual demand requires to maintain grid reliability and prevent blackouts. They sell that excess electricity cheap -- as long as doing so nets more than the costs to store the electricity. Since Bitcoin miners are incentivized to find the cheapest possible energy, it's a match made in heaven.
If some combination of large scale load balancing and renewable/green energy sources could be used to secure trustless money, that would be pretty great.
If some combination of large scale load balancing and renewable/green energy sources could be used to secure trustless money, that would be pretty great.
Carbon emissions have been increasing every year on earth. This carbon release was increasing before bitcoin was present.
With a car that consumes 1 liter of fuel, 30% of the energy goes to useful work - the car goes forward, while 70% goes to waste heat.
With Bitcoin, for every liter of fuel burned 99.999999999999999999999999% goes to waste heat. Only .0000000000000000000000001% goes to the miner that guessed the correct number and made the next block - which is the 'useful work' being done by mining.
It would be VERY, VERY hard for you to invent a less efficient machine than Bitcoin mining. It is a most spectacularly horrible idea. Well, only horrible for those who like the planet. If your goal is to fuck up the Earth, then Bitcoin mining is your best friend.
Well, in this world where people actually care about the planet - you can't say this is any good...
https://edition.cnn.com/2019/06/14/tech/bitcoin-carbon-footprint-trnd/index.html
Bitcoin is definitely spewing out WAY TOO much carbon dioxide and is going to kill us all. Can't fix it either because the entire notion of blockchain requires competitive mining. It is only going to get much worse as Bitcoin value increases. Total ruin.
I really think this is the death knell for Bitcoin.
https://edition.cnn.com/2019/06/14/tech/bitcoin-carbon-footprint-trnd/index.html
Bitcoin is definitely spewing out WAY TOO much carbon dioxide and is going to kill us all. Can't fix it either because the entire notion of blockchain requires competitive mining. It is only going to get much worse as Bitcoin value increases. Total ruin.
I really think this is the death knell for Bitcoin.
Yes, Bitcoin's current energy consumption and expected future consumption figures are slightly higher. But there seems to be more ways to go around the world than unnecessary energy consumption. Carbon emissions have been increasing every year on earth. This carbon release was increasing before bitcoin was present. With Bitcoin, this figure continued to increase, of course.
Carbon emissions are increasing rapidly as countries prioritize their economic interests in industrial production. Moreover, although environmental pollution reports indicate certain countries, those countries do not make any regulations.
For Bitcoin and other crypto assets, a solution should be sought. But every individual, every company and every state in the world has to act jointly on carbon emissions and carbon footprints.
Well, in this world where people actually care about the planet - you can't say this is any good...
https://edition.cnn.com/2019/06/14/tech/bitcoin-carbon-footprint-trnd/index.html
Bitcoin is definitely spewing out WAY TOO much carbon dioxide and is going to kill us all. Can't fix it either because the entire notion of blockchain requires competitive mining. It is only going to get much worse as Bitcoin value increases. Total ruin.
I really think this is the death knell for Bitcoin.
https://edition.cnn.com/2019/06/14/tech/bitcoin-carbon-footprint-trnd/index.html
Bitcoin is definitely spewing out WAY TOO much carbon dioxide and is going to kill us all. Can't fix it either because the entire notion of blockchain requires competitive mining. It is only going to get much worse as Bitcoin value increases. Total ruin.
I really think this is the death knell for Bitcoin.
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