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A single bitcoin transaction uses roughly 707.6 kilowatt-hours of electrical energy–equivalent to the power consumed by an average U.S. household over 24 days,

A single bitcoin transaction uses roughly 707.6 kilowatt-hours of electrical energy–equivalent to the power consumed by an average U.S. household over 24 days, according to Digiconomist https://www.forbes.com/sites/jonathanponciano/2021/03/09/bill-gates-bitcoin-crypto-climate-change/ https://www.forbes.com/sites/jonathanponciano/2021/03/09/bil...

sthnblllII 5y ago
And who is to blame for so few transactions fitting in a single block? What is the energy consumption of the petrodollar-backed wars in the middle east? Presenting numbers without discussing the alternative is sophistic misdirection.
- okareaman 5y ago
  Tell me more about how Bitcoin uses a reasonable amount of energy while it grows and scales to use exponentially more. My SUV/Vacation energy usage doesn't need to grow. I'm putting Bitcoin energy usage in context compared to daily life. You are the one who is misdirecting. "Whatabout!?" driving an SUV, that's bad amirite?
- FireBeyond 5y ago
  The "alternative" to bitcoin is the "energy consumption of wars"? I think you're going to have to provide a bit more evidence, there.
alwillis 5y ago
Bitcoin Does Not Waste Energy: https://unchained-capital.com/blog/bitcoin-does-not-waste-energy/ https://unchained-capital.com/blog/bitcoin-does-not-waste-en...
- okareaman 5y ago
  > Based on national averages in the U.S., the bitcoin network consumes as much power as approximately 6 million homes. Yeah, it is definitely a lot of power, but it is also what secures and backs the bitcoin network. > Bitcoin Does Not Waste Energy Please come up with an algorithm for Bitcoin that does not use so much energy because if one exists, then Bitcoin wastes energy. I am certain that Bitcoin is not the crypto that will win in the long term if it sticks to PoW, so I probably don't need to waste my energy opposing it.

sthnblllII 5y ago

And who is to blame for so few transactions fitting in a single block? What is the energy consumption of the petrodollar-backed wars in the middle east? Presenting numbers without discussing the alternative is sophistic misdirection.

okareaman 5y ago
Tell me more about how Bitcoin uses a reasonable amount of energy while it grows and scales to use exponentially more. My SUV/Vacation energy usage doesn't need to grow. I'm putting Bitcoin energy usage in context compared to daily life. You are the one who is misdirecting. "Whatabout!?" driving an SUV, that's bad amirite?
FireBeyond 5y ago
The "alternative" to bitcoin is the "energy consumption of wars"? I think you're going to have to provide a bit more evidence, there.

alwillis 5y ago

Bitcoin Does Not Waste Energy: https://unchained-capital.com/blog/bitcoin-does-not-waste-energy/ https://unchained-capital.com/blog/bitcoin-does-not-waste-en...

okareaman 5y ago
> Based on national averages in the U.S., the bitcoin network consumes as much power as approximately 6 million homes. Yeah, it is definitely a lot of power, but it is also what secures and backs the bitcoin network. > Bitcoin Does Not Waste Energy Please come up with an algorithm for Bitcoin that does not use so much energy because if one exists, then Bitcoin wastes energy. I am certain that Bitcoin is not the crypto that will win in the long term if it sticks to PoW, so I probably don't need to waste my energy opposing it.