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Because mining bitcoin alone consumes more power than the entirety of the Netherlands. And all that for a very low amount of transactions.
by adflux 5y ago
Because mining bitcoin alone consumes more power than the entirety of the Netherlands. And all that for a very low amount of transactions.
- politician 5y agoIf you’re concerned with high energy requirements for a low number of transactions, just wait until you learn about FedWire!
- saddlerustle 5y agoA single aluminium smelter consumes more power than the entirety of the Netherlands. It's not a very useful comparison.
- Retric 5y agoThat’s wildly incorrect, why would you think it’s true? Netherlands uses 108,800 GWh per yer. Global aluminum smelting is 8x that, but no single smelter comes close to producing 1/8th the worlds aluminimum.
- jamiek88 5y agoYes and that is useful work. Unlike bitcoin.
- objclxt 5y ago> A single aluminium smelter consumes more power than the entirety of the Netherlands. It's not a very useful comparison. This is patently false. The Netherlands has an aluminium smelting plant[1]. Why would you say something so obviously disproven? [1]:https://aldel.nl https://aldel.nl
- tata71 5y agoSeemed like hyperbole in order to put forth the point that NL is the size of a German neighborhood.
- saddlerustle 5y agoNo I got the Netherlands confused with Denmark, which was a comparison from when bitcoin was much smaller.