What exactly is the sample size of this particular survey op? It does make sense as to why the video gaming sector consumes more power than Bitcoin mining, but this isn't a proper comparison if you ask me.
Personally, I have an Xbox Series X which adds just a couple more units to my monthly electricity bill while an ASIC miner would add way more units in comparison.
The irrefutable truth is that miners(Including energy saving ones) do consume a lot of power, but the media make it seem like a horrible thing for the sake of their corporate overlords.
Topic: The Video Gaming Sector Consumes More Energy Than Bitcoin Mining. - page 3. (Read 528 times)
September 07, 2022, 12:10:37 AM
legendary
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The first decentralized crypto betting platform
September 06, 2022, 11:58:11 PM
My question is; Why then do people talk about Bitcoin mining power consumption like it is the most and worst energy consumer?
Because bitcoin is a threat to governments and their allies the mass media propagate the message that governments are interested in.
Moreover, in the debate we should not only consider the total consumption, but also what the energy expenditure is for and whether it is worth it. The banking sector also consumes a lot of energy, for example, or city lighting, heating systems and so on.
No one questions the energy expenditure of the banking system or that people can be heated in winter. They are questioning what attacks the established power.
legendary
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Leading Crypto Sports Betting & Casino Platform
September 06, 2022, 11:45:30 PM
According to this report
It has been discovered that the video gaming industry consumes slightly more energy than bitcoin mining, the graph am gonna share below clearly shows that mining Bitcoin consumes far lesser energy compared to -
-Paper production
-Gold mining
-And slightly lesser energy than video gaming.
It is reported that Bitcoin miners are utilizing electricity at a rate of around 100 TWh per year, this figure is said to account for about 0.06% of the world’s total energy demands, which is quite insignificant.
My question is; Why then do people talk about Bitcoin mining power consumption like it is the most and worst energy consumer?
It has been discovered that the video gaming industry consumes slightly more energy than bitcoin mining, the graph am gonna share below clearly shows that mining Bitcoin consumes far lesser energy compared to -
-Paper production
-Gold mining
-And slightly lesser energy than video gaming.
It is reported that Bitcoin miners are utilizing electricity at a rate of around 100 TWh per year, this figure is said to account for about 0.06% of the world’s total energy demands, which is quite insignificant.
My question is; Why then do people talk about Bitcoin mining power consumption like it is the most and worst energy consumer?
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