3 ms·
It's not like bitcoin is free, either. A lot of someones burn a lot of electricity 24x7 in order for bitcoin to hold any value, too - and bitcoin holders pay f
by phillmv 11y ago
It's not like bitcoin is free, either.
A lot of someones burn a lot of electricity 24x7 in order for bitcoin to hold any value, too - and bitcoin holders pay for it just the same.
- RockyMcNuts 11y agoDivide the number of bitcoin transactions by the power spent mining, and each transaction consumes enough power to run an American household for a day and a half. http://motherboard.vice.com/read/bitcoin-is-unsustainable http://motherboard.vice.com/read/bitcoin-is-unsustainable
- FatalLogic 11y agoThe biggest flaw with that calculation is that most Bitcoin miners are not located in American households. They're naturally located where electricity is much cheaper: they're using environmentally-generated or surplus power, close to the source, at bulk industrial rates. The author even said it in the same article, but did not factor it into the clickbaiting comparison.