3 ms·

Gotta count the energy cost of staff food, transport, facilities, etc. for every VISA employee to really make an accurate comparison. Plus power drain of each

by cwkoss 9y ago

Gotta count the energy cost of staff food, transport, facilities, etc. for every VISA employee to really make an accurate comparison. Plus power drain of each of millions of POS systems, cost of maintaining redundant secure backups of records... Bitcoin requires no other infrastructure than computers. VISA needs a lot of various things to keep it's infrastructure working.

andrewchambers 9y ago
You think people mining bitcoin don't need food too?
- baddox 9y ago
  People generally don’t mine bitcoin. Their computers do. And they don’t even need to sit at the mining rigs for 8 hours a day like most employees do.
  - cwkoss 9y ago
    Somebody made a video of manually bitcoin mining on paper once, kind of amusing https://www.youtube.com/watch?v=y3dqhixzGVo https://www.youtube.com/watch?v=y3dqhixzGVo
    - baddox 9y ago
      Haha nice. I deliberately hedged with “generally” because I figured it must have been done at least once.
justhackedme 9y ago
This is a funny fantasy world you're living in. Bitcoin is a waste of power. Mining gold, creating banks, printing money, these aren't wastes of power as the result is always something equivalent to said power. A bitcoin is just a bunch of 1s and 0s that takes 1ms to get, but wastes thousands of hours proving it.