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> a lot of energy is going to waste now. Is it? How much does Bank of America spend in energy to keep up its servers? Backups? disaster-recovery setups? That's
by altoz 13y ago
> a lot of energy is going to waste now.
Is it? How much does Bank of America spend in energy to keep up its servers? Backups? disaster-recovery setups? That's a significant energy cost, too.
- simias 13y agoI think a better example would be high speed trading and similar. Of course any big corporation or administration is going to have a lot of underused ressources and redundancy but it doesn't mean they burn power "for the sake of it" as bitcoin does. Also, bitcoin is not a bank, it's supposed to be a currency. If big banks were to switch to bitcoin I don't think they would spend less energy doing all you said. So no matter what you think of bitcoin it's fair to say it's not very "green" so far.
- darkFunction 13y agoGreener than digging up precious metals to melt into blocks to be buried again in safes.
- baddox 13y agoA better example than Bank of America would be a payment system like VISA.
- jliptzin 13y agoThat only accounts for a small fraction of the inefficient bloat of Big Banks