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That's because you are not actually considering the electricity usage of fiat money at all.
by celticninja 9y ago
That's because you are not actually considering the electricity usage of fiat money at all.
- cwyers 9y agoBanks aren't setting themselves on fire in the course of operation: http://gizmodo.com/a-huge-fire-took-out-a-bitcoin-mining-operation-1655981855 http://gizmodo.com/a-huge-fire-took-out-a-bitcoin-mining-ope... Because banks aren't setting themselves up in places based on the electricty cost. And shoving rackmount servers in close proximity and underventilating them. Even huge fintech operations aren't chasing cheap power at the exclusion of other concerns. Banks do not use the kind of electricity that cryptocurrency uses, when you control for the volume of usage of each.
- celticninja 9y agoSo from a sample size of 1 you think all miners are setting g themselves on fire?
- walterstucco 9y agoYou're right Excel consumes a lot of energy