4 ms·
Snapchat data center uses as much energy as needed to extract value from Snapchat-the-product. Same goes for employee's time invested in support, development an
by oleganza 6y ago
Snapchat data center uses as much energy as needed to extract value from Snapchat-the-product. Same goes for employee's time invested in support, development and research. If Snapchat makes money, it attracts investing resources into it until marginal cost equals marginal revenue.
Same for Bitcoin or literally any other human activity. Miners are not going to consume more energy than mined bitcoins are worth.
- lottin 6y agoIt seems that you're confusing allocative efficiency with cost efficiency. Anyway, the production costs of "a Snapchat" depend on the costs of inputs and the current state of technology. Specifically they are not a function of how much a Snapchat is worth in the market. Snapchat can increase the production costs arbitrarily, for instance, by wasting energy, and they could totally decide to waste as much energy as the market price of a Snapchat would allow. How moronic would that be? This is what Bitcoin does. It's important that people understand how Bitcoin works, because once they know how stupid it is a lot of them don't want to have anything to do with it. This has been my experience so far.
- danielmain 6y agoI would like to add to your comment that the stupid algorithm called "mathematical puzzle" is just a brute force loop in order to find the nonce => nonsense waste of energy