Molly Whitechecking in on decentralized assets intended to be independent from governments and big banks
DarcyAll crypto costs the environment in a big, big way!!!
The electricity used to make just 1 ONE CRYPTO COIN can power 14.5 average US households for a year.
So the electricity to make ONE MILLION Crypto Coins would power 14,500,000 homes.
As of July 1, 2023, California had 14,763,237 housing units. So that amount of electricity can power all but about 263,000 homes is California.
The EPA should have shut this shit down in the US and in Canada, environment Canada years ago!!!!
Blue Luma@Mor696 @molly0xfff source ?
HawtP0tat0@blueluma @Mor696 @molly0xfff Other more different unsourced material that seems more generally accepted on the internet seems to suggest that is roughly correct for bitcoin and may even be a little low. Various internet sources say bitcoin uses roughly 100,000 times what VISA uses. Most other coins are much more ecologically economical such as Ethereum that is only about 20x VISA (and dropping) or Solana which is 8000x VISA (all assuming only compute and not necessarily the human requirements such as offices as well as mismatching data years)
@HawtP0tat0 @Mor696 @molly0xfff
"various internet sources" is not a source, nor an evidence.
"What can be asserted without evidence can also be dismissed without evidence" - Hitchens's razor
@blueluma @HawtP0tat0 @Mor696 @molly0xfff True but also this is mastodon and not a technical blog and my sources cited would be much longer than my post and include the napkin I used for my math neither of which I feel like posting.
@HawtP0tat0 @Mor696 @molly0xfff also, not assuming the human requirements is kind of a big thing omit
Source Toptal Finance
BTW we know that "mining" Cryptocurrency is not necessary. The world has money. The Dollar, Euro, Yen, Renminbi, British Pound, etc.
The fact is we are using an inordinate amount of electricity to produce something that is not needed.
Much like online shopping. Instead of 1 truck delivering 1000 items to a store there's a 1000 trucks delivering individual items to 1 house at a time.