Martin SeegerApr 17, 2024

If you do 12 Bitcoin transactions per year, you use a higher amount of energy than we use for a complete family (including: heating, warm water, electricity, car charging) in the same year. We do all via electricity.

From: @tkinias
https://historians.social/@tkinias/112283441665687815

Thanasis Kinias (@[email protected])

I just read that a single Bitcoin transaction requires upwards of 1,000 kW-hr of electricity. That’s like running a small air conditioner 24/7 for a month and a half. Edit: This got way more attention than I expected from an offhand remark; I guess it hit a nerve on here! But I’m going to have to mute this, as it’s taken over my notifications...

Mastodon
Show threadHolger Spielmann
@masek @tkinias
Bitcoin and other cryptocurrencies are like gold, only even more damaging to the environment.
Seriously, cryptocurrencies should be banned globally. And, to repeat, not for anonymity, for which purpose cash is perfectly fine and valid, but for the environmental impact of its creation and use.
Apr 18, 2024 at 8:09amWeb