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How you define waste of electricity? You writing that comment might as well be declared a waste and prohibited.

• Jensson 5y ago
  People decide that democratically. This is just like how California bans all showerheads that gives you more than a trickle of water, since they see good showers as a waste of water (All of USA has a similar ban but less restrictive). Just that in Sweden they ban wasteful businesses rather than "wasteful" quality of life improvements.
  • VMG 5y ago
    And like many other "democratic" decisions, it's just a feel-good measure. Watering your lawn is apparently a worthwhile use of resources, according to the Demos.
  • readflaggedcomm 5y ago
    California bans the sale, not the use. Discrimination of how we use power is like discrimination of how we use internet service. What happened to power network neutrality?
    • Jensson 5y ago
      Well every time I visit California the showers are horrible in the hotels, so I bet hotels has to have those shitty showerheads. It would work the same here, you ban crypto mining for businesses but people will still mine privately since you can't really ban that.
• labster 5y ago
  This shitty comment uses a kilojoule max. A single BTC transaction uses 1880 kWh. https://digiconomist.net/bitcoin-energy-consumption https://digiconomist.net/bitcoin-energy-consumption
  • foepys 5y ago
    A Bitcoin transaction doesn't consume much energy, only the block generation does. An empty Bitcoin block still consumes the same amount of energy. Which in the end makes it even worse.
  • VMG 5y ago
    this calculation ignores layer-2 transactions which are just a few TCP packets
• wruza 5y ago
  Like any other waste, when it does more bad than good.