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Do you really believe that it didn't turn into billions over the years? Seriously, add up the billions upon billions we've spent as an industry (in terms of $/
by namecast 11y ago
Do you really believe that it didn't turn into billions over the years?
Seriously, add up the billions upon billions we've spent as an industry (in terms of $/KwH delivered to all the datacenters across the world) over the past, say, twenty years, and bitcoin looks downright anemic in comparison. [1]
You might not like that people are choosing to spend money on electric for BTC, but if they weren't, I imagine that juice would just be spent on serving up pics of cute cats with a side of advertising and tracking. Be thankful we found something slightly smarter to do with it.
[1] http://www.nrdc.org/energy/data-center-efficiency-assessment.asp http://www.nrdc.org/energy/data-center-efficiency-assessment... - 13 billion a year for power to U.S datacenters, according to the NRDC. Slap a moving average on that, account for non-US usage, and scale it back twenty years to the launch of Netscape Navigator and the subsequent rise of colocation, and we're talking more money spent on electricity for the Interweb than most nation states annual GDP.
- sanswork 11y agoYou just imagined I said something I didn't then made an entire post arguing against that imaginary claim.