Post
Topic
Board Mining speculation
Re: 2021, time for a new general & diff speculation thread...
by
NotFuzzyWarm
on 30/11/2021, 02:49:43 UTC

I know it's about an altcoin but still,it's related so, have you seen the estimates for the ETH mining?
https://digiconomist.net/ethereum-energy-consumption
...
3. Bitcoin may consume as much energy as all data centers globally
- so what? Why is the data center that is spending 80% of its energy to power useless gossip is not waste?

We absolutely don't need to waste our time reading such biased portals by paid shills or dumb reporters whatever the case may be. Energy to mine bitcoin is not "wasted". That way energy to produce and procure special type of paper, watermark, printing is also wasted. The energy to melt metals and create amalgams and seals to mint is also wasted with the same logic. How about the energy to build and secure mints run by government? I am not even getting into the energy used to keep this system going and the energy this kind of shill media is using just to run misinformation campaign. Why don't these shills talk about that?
The got the vs data centers power backwards. As has been pointed out in other threads regarding POW energy usage, over 85% of global data transfer/storage/ etc power usage is streaming services followed by porn services... Cambridge Research put BTC power usage at about 4% (?) of the power usage. That is still a huge amount of power being used but a drop in the bucket vs other data-based enterprises.