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wastes productive resources … on non-productive applications I do that a lot myself too. If you divide BTC energy by 8 billion humans, it is 0.05kWh per day, c
by wruza 4y ago
wastes productive resources … on non-productive applications
I do that a lot myself too. If you divide BTC energy by 8 billion humans, it is 0.05kWh per day, correct me if my calc is wrong. I think I waste around 2.8kWh per evening (at home), most of which is non-productive for sure. k=56:1
- Cpoll 4y agoIsn't this kind of logic capable of hand-waving anything away? 100 terawatt hours is no joke, if you can make it seem trivial by dividing by 8B that says more about the method than the number.
- lern_too_spel 4y ago8 billion people aren't using BTC, so your denominator doesn't have any sensible meaning. You divide BTC energy by 3 transactions per second.
- wruza 4y agoIt does, because mining cost doesn’t scale with a number of users. It is a per-humanity process. The only sensible comparison here is to the average of per-person or per-humanity waste. You divide BTC energy by 3 transactions per second What meaning does that have? An absolute cost of a transaction compared to what?
- lern_too_spel 4y agoAll of humanity can't use Bitcoin if only three people can use it per second. It's an absolute cost per transaction compared to traditional money with banking, which is so cheap to use that it's basically free.
- imtringued 4y agoYou are counting people that have never used cryptocurrency.
- dontbenebby 4y ago> You are counting people that have never used cryptocurrency. We are people too