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I’m sure all of that extra capacity has been wasted by now on Bitcoin mining. Edit: Let me do some math instead of guessing. > The Texas grid operator expect

I’m sure all of that extra capacity has been wasted by now on Bitcoin mining. Edit: Let me do some math instead of guessing. > The Texas grid operator expects crypto miners to increase electricity demand by up to 6 gigawatts by mid-2023 > Texas leads the U.S. in wind installations, with 30.46 GW, and it’s second in solar energy, with 8.6 GW as of August. Still. Not great. Almost every solar panel in Texas going to mine something with seven transactions per second. There is no excuse for this amount of power wasted since Ethereum moved to proof of stake. https://ultrasound.money/ https://ultrasound.money/.

replygirl 4y ago
mining is less than 1.5 gw of texas demand. still bad, but not that bad
api 4y ago
Ethereum is a technology. Bitcoin is a religion.
- irusensei 4y ago
  Cool slogan but how does that contribute to the discussion?
deleted 4y ago
[deleted]
irusensei 4y ago
> There is no excuse for this amount of power wasted since Ethereum moved to proof of stake. https://ultrasound.money/ https://ultrasound.money/ There is. After the PoS merge more than 50% blocks on the ethereum chain are OFAC compliant raising censorship concerns. https://cointelegraph.com/news/51-of-ethereum-blocks-are-now-compliant-with-ofac-standards-raising-censorship-concerns https://cointelegraph.com/news/51-of-ethereum-blocks-are-now...
- JohnJamesRambo 4y ago
  Bitcoin miners don’t magically get around OFAC either. The end result of the censorship of blocks in Ethereum is that non OFAC compliant transactions are taking I think about 30-60 seconds longer as they get picked up by non-censoring validators and added to blocks. This is very different than being silenced forever and not being allowed to transact. The source of the issue isn’t validators but centralized mev boost operators. More discussion here. https://www.reddit.com/r/ethereum/comments/ye57ep/is_ethereum_now_under_us_control_99_of_the_latest/ https://www.reddit.com/r/ethereum/comments/ye57ep/is_ethereu... https://cryptobriefing.com/is-ethereum-under-attack-unpacking-the-mev-boost-censorship-controversy/ https://cryptobriefing.com/is-ethereum-under-attack-unpackin...
hotpotamus 4y ago
I have a buddy in a tiny rural Texas town who saw what looked to him like some sort of datacenter-in-a-container type thing roll into his town, hook up to their power lines, and deployed hoses into a cooling pond. He googled around a bit and is pretty sure it's a bitcoin mining setup, which makes sense.

replygirl 4y ago

mining is less than 1.5 gw of texas demand. still bad, but not that bad

api 4y ago

Ethereum is a technology. Bitcoin is a religion.

irusensei 4y ago
Cool slogan but how does that contribute to the discussion?

deleted 4y ago

[deleted]

irusensei 4y ago

> There is no excuse for this amount of power wasted since Ethereum moved to proof of stake. https://ultrasound.money/ https://ultrasound.money/ There is. After the PoS merge more than 50% blocks on the ethereum chain are OFAC compliant raising censorship concerns. https://cointelegraph.com/news/51-of-ethereum-blocks-are-now-compliant-with-ofac-standards-raising-censorship-concerns https://cointelegraph.com/news/51-of-ethereum-blocks-are-now...

JohnJamesRambo 4y ago
Bitcoin miners don’t magically get around OFAC either. The end result of the censorship of blocks in Ethereum is that non OFAC compliant transactions are taking I think about 30-60 seconds longer as they get picked up by non-censoring validators and added to blocks. This is very different than being silenced forever and not being allowed to transact. The source of the issue isn’t validators but centralized mev boost operators. More discussion here. https://www.reddit.com/r/ethereum/comments/ye57ep/is_ethereum_now_under_us_control_99_of_the_latest/ https://www.reddit.com/r/ethereum/comments/ye57ep/is_ethereu... https://cryptobriefing.com/is-ethereum-under-attack-unpacking-the-mev-boost-censorship-controversy/ https://cryptobriefing.com/is-ethereum-under-attack-unpackin...

hotpotamus 4y ago

I have a buddy in a tiny rural Texas town who saw what looked to him like some sort of datacenter-in-a-container type thing roll into his town, hook up to their power lines, and deployed hoses into a cooling pond. He googled around a bit and is pretty sure it's a bitcoin mining setup, which makes sense.