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Environment & Energy

mr_lebowski

(33,643 posts)

5. It's not wrong that bitcoin mining uses a TON of power ...

Reply to littlemissmartypants (Reply #4)

Mon Oct 29, 2018, 09:57 PM

Oct 2018

Basically 1 Bitcoin = 1000's and 1000's of watts of utterly, 100% wasted electricity. Like, that's literally what 'A Bitcoin' is, in the exact same sense that '1 Gallon Of Gas' is '500lbs of decayed plant matter compressed under ground for 30M years' or whatever the numbers are.

There's no way THAT ALONE is enough to single-handedly push THAT much global warming, but combined with everything else shoving us in that direction, it's definitely not 'helping' ...

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Bitcoin can push global warming above 2 C in a couple decades [View all] Jim__ Oct 2018 OP

Wow ... this article is WILDLY wrong in it's terminology ... mr_lebowski Oct 2018 #1

My understanding is that all bitcoin transactions require mining. Jim__ Oct 2018 #2

Your reading is not unreasonable given only basic knowledge on Bitcoin ... mr_lebowski Oct 2018 #6

WTF? Duppers Oct 2018 #3

Now, I've heard EVERYTHING! littlemissmartypants Oct 2018 #4

It's not wrong that bitcoin mining uses a TON of power ... mr_lebowski Oct 2018 #5

This is for you, mr_lebowski. littlemissmartypants Nov 2018 #7