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Or better yet, did they move into Dogecoin, which apparently uses a lot less energy. Setting up the inevitable 'use Doge instead, it's better for the environme
by thedudeabides5 5y ago
Or better yet, did they move into Dogecoin, which apparently uses a lot less energy. Setting up the inevitable 'use Doge instead, it's better for the environment'
- snotrockets 5y agoDoesn't matter: considering that all cryptocurrencies have significant environmental impact, using them would force ESG-screening funds to drop the company.
- svachalek 5y agoBitcoin is deliberately inefficient to a horrifying degree but it is not "all cryptocurrencies". Most modern designs are thousands or millions of times more efficient.
- snotrockets 5y agoAnd even at that cost, they are are still an environmental disaster.
- mavhc 5y agoAnd thus worth 1000s to 100000s of times less money. Bitcoin is about turning electricity into bits, the trick is the decreasing amount of bitcoin, thus get in at the base of the pyramid to make more money
- FabHK 5y agoDoes it use less energy intrinsically, or because it hasn't gone up enough yet, triggering more hashing with a concomitant increase in difficulty and energy use?