Topic: How Eco friendly is our money and is there an alternative? - page 2. (Read 422 times)
The problem with these claims that Bitcoin uses X times as much energy as Y is that they don't compare total energy usage. For example, this article quotes data center usage for some big companies but that is only a small part of the company's footprint. What about manufacturing, or even the energy cost of employees driving to work?
Wow, Bitcoin consumes more power than many multinational companies combined and more power than a whole country of Ecuador. Eh, certainly BTC is not power efficient I think we all can agree on that.
Well, That's a very good and informative article.
Well, That's a very good and informative article.
Woah, excellent write-up man! Incredibly detailed.
Bitcoin being insanely inefficient in terms of power consumption isn't a new subject, but I have never seen it compared to other cryptos, and even USD. It's not a good look for us with the numbers being as lopsided as they are. It's still a rather obscure issue, and until it makes it to the foreground, it can never be addressed. People who are against Bitcoin are going to have a field day with your article, but that may be necessary to push innovation.
Bitcoin being insanely inefficient in terms of power consumption isn't a new subject, but I have never seen it compared to other cryptos, and even USD. It's not a good look for us with the numbers being as lopsided as they are. It's still a rather obscure issue, and until it makes it to the foreground, it can never be addressed. People who are against Bitcoin are going to have a field day with your article, but that may be necessary to push innovation.
Good post man, very informative. Interesting to see that Ethereum is still way below Bitcoin in terms of energy consumption. Maybe in the future we`ll see the trend shift from PoW to PoS to be more environment friendly (would be good to see some data on this one with just nodes running to stake).
Just wrote this paper. Hope you like it!
Lightweight version https://www.linkedin.com/pulse/how-eco-friendly-our-money-alternative-sid-john-leopold/
In- depth version http://papers.netrogenic.com/sid/eco-friendly-money.pdf
Lightweight version https://www.linkedin.com/pulse/how-eco-friendly-our-money-alternative-sid-john-leopold/
In- depth version http://papers.netrogenic.com/sid/eco-friendly-money.pdf
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