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Cryptocurrency mining doesn't actually require huge network load
by VMG 6y ago
Cryptocurrency mining doesn't actually require huge network load
- okl 6y agoI would call ~80 TWhpa "huge": https://digiconomist.net/bitcoin-energy-consumption/ https://digiconomist.net/bitcoin-energy-consumption/
- virgo_eye 6y agoNetwork load here refers to bandwidth on the internet, not power consumption on the electricity grid, I believe.
- lmilcin 6y agoI don't consider cryptocurrency mining as overall beneficial for humanity. You know, humanity has this huge issue of CO2 in atmosphere, maybe you have heard of it? We are building more and more renewable sources, but cryptocurrency mining is countering these benefits to a considerable extent. Additionally, even if we are able to produce 100% energy from renewable sources it still requires energy to scrub carbon from our atmosphere and so any energy put in bitcoin could be used for like saving our planet.
- VMG 6y ago> You know, humanity has this huge issue of CO2 in atmosphere, maybe you have heard of it? yes, it is exhausting