5 ms·
immense amounts of wasted energy
by gotimo 3y ago
immense amounts of wasted energy
- ursuscamp 3y agoThat’s a matter of opinion. Many happen to believe it is not wasted.
- dleeftink 3y agoBut many do. Who is right? [0]: https://www.sciencedirect.com/science/article/pii/S0921344921005103 https://www.sciencedirect.com/science/article/pii/S092134492... [1]: https://www.mdpi.com/1996-1073/14/14/4254 https://www.mdpi.com/1996-1073/14/14/4254 [2]: https://www.cell.com/fulltext/S2542-4351(19)30255-7 https://www.cell.com/fulltext/S2542-4351(19)30255-7
- toenail 3y agoBitcoin uses less than 0.1% of the world's energy. Any time somebody says things like "uses more energy than a country" they are either dishonest or malicious and clearly have an agenda. I'd recommend to try to stick facts, not opinions.
- ninepoints 3y agoLess than .1 % for embarrassingly little volume
- toenail 3y agoLess than .1% to secure more than 500 billion of value. Bitcoin energy usage is primarily to secure the network, not for transaction "volume", but that's a common misconception for people who have yet to learn about bitcoin.
- ninepoints 3y agoYou're splitting hairs. If the energy is needed to stave away a 51% attack, that's the energy needed to support the single digit tps monstrosity you have. As for the 500 billion in value, I doubt if everyone liquidated their positions today it'd amount to a figure remotely close to that.
- kristianp 3y ago> I doubt if everyone liquidated their positions today it'd amount to a figure remotely close to that. The same goes for any stock in the S&P 500. Market Cap is just a number.
- toenail 3y agoIf once in bitcoin's history there is 51% attack, all energy that was ever used was used to prevent this one attack. Wow, you totally convinced me.
- irusensei 3y agoBitcoin or not I don't like the idea of having opinionated people and entities judging what I do with the energy I paid for. Today is proof of work, tomorrow might be high end computer gaming, hopping on a car for a trip etc. You can already see on this very site judgmental comments about carbon usage when you mention a hobby like home lab.
- throwaway22032 3y agoAgree, the entire concept is ridiculous. We don't ration energy usage to the bare essentials in free countries. That's the sort of thing that people attempt to escape.
- dleeftink 3y agoMy initial point was to inform the OP about peer-reviewed articles on current waste, not which energy uses are allowed or disallowed, nor a call to judge or curtail individual energy expenditures. As with many things, there is not a single 'right' or wrong, but degrees of evidence. Highlighting current chain inefficiencies allows future versions to better mitigate these energy impacts. Honing any process to use less energy while achieving similar or better results is not an unreasonable goal. Re: your first point, am I right to understand that entities that are able to afford higher usage should have no qualms doing so?
- toenail 3y ago> My initial point was to inform the OP about peer-reviewed "Peer-reviewed" is meaningless if it's not scientific, fact-based. > articles on current waste See, you start with the assumption that it's wasted. You can only come to that conclusion if you assume that bitcoin serves little or no purpose. > Honing any process to use less energy while achieving similar or better results is not an unreasonable goal. Energy usage is what brought humanity from stone tools and caves to the moon, using energy is a good thing that advances civilization. Energy production can be problematic, which bitcoin doesn't do. Proof of work is one of the core innovations, there is no system that has better results.
- 3y ago
- toenail 3y agoBitcoin uses a ridiculously small amount of energy to begin with.
- arcticbull 3y agoJust one country, to achieve the computational and storage power of a raspberry pi. The mental gymnastics continue to beggar belief. I wish people would just be honest and say yes, it's absurd and wasteful, but I think it'll make me rich so I don't care.
- toenail 3y agoEvery industry on this planet that is worth doing uses "more energy than one country". Anybody who parrots this "argument" is either stupid or malicious.
- plastic3169 3y agoI find it interesting to travel in such country. Take a train and when it approaches a city look at all the buildings passing by. All the lights in the windows that show that people live there. The eletric heating of many of those homes. All the electricity any of the people living there ever spends. All the factories, farms you see on the way. Massive greenhouses. Server farms. All those electric cars stuck in traffic. The train goes for hours and hours. Everything you see combined uses less electricity than bitcoin. Millions of people can run their lives and build all their businesses using less energy. The scale is mind boggling.
- toenail 3y agoLike I said, the same can be said about any industry on this planet. That this fact is mind-boggling for you shows that you haven't really ever thought about energy consumption. That you see this as a weakness of bitcoin shows that you approach bitcoin with the preconception that it is useless, and that you try to find facts that suit your view.