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> In terms of waste, cryptocurrencies are peanuts. I don't have a link for you, but just yesterday I read a headline saying bitcoin mining accounts for 5% of t
by eridius 9y ago
> In terms of waste, cryptocurrencies are peanuts.
I don't have a link for you, but just yesterday I read a headline saying bitcoin mining accounts for 5% of the UK's energy expenditure. That's not peanuts.
Now, even if that headline is wrong, here's a site that offers a Bitcoin Energy Consumption Index Chart (https://digiconomist.net/bitcoin-energy-consumption https://digiconomist.net/bitcoin-energy-consumption) and they say that bitcoin accounts for 0.08% of the world's electricity consumption. That seems absurdly high.