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We say it is inefficient but I've not seen a detailed study on the origin and amount of electricity used for Bitcoin mining vs. the origin and amount used to ke
by ryanmarsh 9y ago
We say it is inefficient but I've not seen a detailed study on the origin and amount of electricity used for Bitcoin mining vs. the origin and amount used to keep a similar portion (by transaction volume) of the VISA network (not just the main clearing house) running.
I hear much of the electricity is hydro power in China.
Lastly, Bitcoin isn't finished yet. I was dialing up to the internet on a 56kbps modem just 20 years ago. I can't imagine where crypto currencies will be in 20 years.