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They do use energy, but it's very small compared to other economic activity. For example, suppose Bitcoin consumed as much energy as a few households. Would th
by mgraczyk 5y ago
They do use energy, but it's very small compared to other economic activity.
For example, suppose Bitcoin consumed as much energy as a few households. Would that be acceptable?
Alternatives aren't quite that efficient, but my point is that the relative energy consumption matters a lot.
- xg15 5y ago> For example, suppose Bitcoin consumed as much energy as a few households. Would that be acceptable? But in this scenario, Bitcoin would consume rising amounts of some other resource, say SSDs or network capacity.
- lisper 5y ago> suppose Bitcoin consumed as much energy as a few households That's not possible. The marginal cost of mining has to equal the value of the coins mined.