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Yes, the people who disagree are those pumping and dumping and the bag holders. And cryptocurrency mining consumes as much electricity annually as the country
by mjfern 5y ago
Yes, the people who disagree are those pumping and dumping and the bag holders.
And cryptocurrency mining consumes as much electricity annually as the country of Argentina. Country scale emissions is not at all negligible, particularly in light of catastrophic global warming.
- baby 5y agoThat’s your opinion. And I guess that’s all you have when you can’t talk about the tech.
- kgraves 5y agoIn reality, nobody actually cares about the tech, Not even the VCs care, they're just buying into a project for an exit. The general public are even more oblivious to the tech, all they want. to know is 'How do I 100x my money? When is coin X going to the moon?'. They all want the 'moon' more than the tech.
- anonporridge 5y agoNotice what you did here is the same subtle disinformation tactic that every major news story about crypto mining employs. 1. Compare crypto energy usage to something huge (small country, big tech companies, etc). 2. Don't put that into context of whole of human civilization. It's <1% of global electricity consumption. 3. Don't clarify that this is comparing to electricity consumption, excluding other major energy uses like transportation, heating, and shipping which are generally non electric and necessarily carbon emitting. 4. Imply that cryptocurrency electricity usage is creating tons of carbon emissions, even though it consumes electricity and only seeks the cheapest source. When it comes to carbon emissions and the resulting climate catastrophe, we could shut down every cryptocurrency tomorrow and we'd still be fucked. Attacking cryptocurrency for it's energy use is a horrible waste of political and social capital that could be put toward actually solving the problem rather than engaging in moral masturbation.
- xvector 5y agoI guarantee you that you engage in activities that provide far less benefit to humanity but use far more energy than cryptocurrency.
- deleted 5y ago[deleted]
- qualudeheart 5y agoGlobal warming needs to be sped up in my view.