12 ms·

https://encryptobiography.com/2021/12/15/ethereum-transaction-energy-use-equals-2-5-miles-in-a-tesla-model-3-report/ https://encryptobiography.com/2021/12/15/et

https://encryptobiography.com/2021/12/15/ethereum-transaction-energy-use-equals-2-5-miles-in-a-tesla-model-3-report/ https://encryptobiography.com/2021/12/15/ethereum-transactio... According to this article a single Ethereum transaction takes 30 kwh of electricity. It’s disingenuous to say that is nothing compared to playing video games or other ordinary activities, which consume far less as they aren’t dictated by game theoretical escalatory mechanics. We make a big fuss about changing 60w light bulbs to 5w led equivalents when the amount of energy that saves in a month is spent on the minting of another artless NFT. And sure, maybe that power is coming from renewable sources, but that doesn’t make it free, rather as an opportunity cost that may have been spent on something almost certainly more productive.

rfd4sgmk8u 5y ago
Its also wrong, and measuring the wrong thing. A single ethereum tx costs a few watts of CPU time to generate and sign the transaction (less even), and a few watts to broadcast to the mempool via your internet connection. Maybe add a few watts extra to factor propagation of the transaction to the network. This is all done in <500ms, probably less. It's next to nothing. It uses much less power than the LCD that renders the jpeg. It is easy to make a fake emotional argument if you don't technically understand how systems work.
- rileyphone 5y ago
  That’s like saying all it takes to win the lottery is a few dollars to buy a ticket, then you get a hundred million dollars. You’re ignoring the true costs with appeals to a clear technical process, but that fails to capture the collective behavior that the proof of work systems like Ethereum exhibit. In any case, dismissing my argument as “fake” and “emotional” shows that you are either engaging in bad faith or have a remedial grasp on argumentation. Please do better in the future.

rfd4sgmk8u 5y ago

Its also wrong, and measuring the wrong thing. A single ethereum tx costs a few watts of CPU time to generate and sign the transaction (less even), and a few watts to broadcast to the mempool via your internet connection. Maybe add a few watts extra to factor propagation of the transaction to the network. This is all done in <500ms, probably less. It's next to nothing. It uses much less power than the LCD that renders the jpeg. It is easy to make a fake emotional argument if you don't technically understand how systems work.

rileyphone 5y ago
That’s like saying all it takes to win the lottery is a few dollars to buy a ticket, then you get a hundred million dollars. You’re ignoring the true costs with appeals to a clear technical process, but that fails to capture the collective behavior that the proof of work systems like Ethereum exhibit. In any case, dismissing my argument as “fake” and “emotional” shows that you are either engaging in bad faith or have a remedial grasp on argumentation. Please do better in the future.