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> A store of value that doesn't require boring the planet, or building empty houses, seems like a great improvement to me. Boring holes isn't tenable but using
by skulk 3y ago
> A store of value that doesn't require boring the planet, or building empty houses, seems like a great improvement to me.
Boring holes isn't tenable but using 15 GW of power is acceptable?
- siftrics 3y agoEnergy will continue to get cheaper and less scarce over the long term. This is a bad argument.
- josu 3y agoIt seems more efficient than what it is replacing: >This brings the gold mining industry’s 2020 total to 265 TWh of energy used and 145 Mt of CO2 produced if we use the DePaul study’s numbers and account for 1750 tons of jewelry. https://www.nasdaq.com/articles/a-comparison-of-bitcoins-environmental-impact-with-that-of-gold-and-banking-2021-05-04 https://www.nasdaq.com/articles/a-comparison-of-bitcoins-env...