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[1] has a chart comparing Bitcoin energy consumption to that of the Visa payment network. Bitcoin is magnitudes higher. [1] http://digiconomist.net/bitcoin-ene
by dx034 9y ago
[1] has a chart comparing Bitcoin energy consumption to that of the Visa payment network. Bitcoin is magnitudes higher.
[1] http://digiconomist.net/bitcoin-energy-consumption http://digiconomist.net/bitcoin-energy-consumption
- acchow 9y agoThis is only Visa's datacenter costs. What about all the employees working at banks to support all these credit card holders? What about all the physical snail mail being carried around by actual vehicles and driven by humans? What about the entire debt collection system?
- walterstucco 9y agoProgrammers are humans too
- TeMPOraL 9y agoAll you've mentioned is secondary infrastructure that facilitates the use of financial system. If ever (God forbid) Bitcoin volume rises to the scale of Visa, it'll have all those costs too. Including the snail-mail shipping of wallet hashes.