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Miners consume an amount of energy comparable to Christmas decorative lights in the US (alone) I never see anyone refer to these lights as "absurd" or "infeasib
by mrb 9y ago
Miners consume an amount of energy comparable to Christmas decorative lights in the US (alone) I never see anyone refer to these lights as "absurd" or "infeasible" :) http://blog.zorinaq.com/bitcoin-electricity-consumption/ http://blog.zorinaq.com/bitcoin-electricity-consumption/
Also note that BECI overestimates the consumption: http://blog.zorinaq.com/serious-faults-in-beci/ http://blog.zorinaq.com/serious-faults-in-beci/
- DigiEconomist 9y agoThe reality is that Bitcoin uses a not so negligible amount of energy versus a negligible amount of transactions on a global scale, using thousands of times more energy per transaction than the traditional system no matter how you look at it. That's not sustainable going forward. We also spent some time discussing the estimate, but you were unable to make a good case for alternate variables (you actually explicitly agreed with a majority of the method) and ended up quote mining our emails to make a bunch of false statements. Hence I had to post: https://digiconomist.net/re-serious-faults-in-beci https://digiconomist.net/re-serious-faults-in-beci