Re: At what point do we stop kidding ourselves? Bye Bye mining farms.
I rarely see discussion on the impact of bitcoin. No, not financially, not from an economic standpoint.
How about the eco-system?
Our network hashrate for bitcoin alone (there are also many alts out there) is 177,943,954.
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Where did you get this number from?How about the eco-system?
Our network hashrate for bitcoin alone (there are also many alts out there) is 177,943,954.
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This might seem like a lot of power to you, but it actually isn't. Couldn't you say the same for everyone wasting power playing games or contributing to projects online?
There are a lot of projects out there that work similarly to Bitcoin (e.g. you can donate processing power). Can you really say that energy is being wasted when it is used for operating the network?
At least hardware is becoming more and more efficient, especially compared to the first ASICs.