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Re: bitcoin can become worthless
by
jjdub7
on 07/07/2014, 05:58:05 UTC
I saw an article that mentioned that the total electricity being used for the Bitcoin network was over half of what the Large hadron collider uses. I found this a bit shocking, I had no idea it was this much.

Well, I mean consider how much electricity it takes to power the banks of the world, the ACH system, and all the computer infrastructure supporting them and the fiat-denominated securities markets, and I'm sure you'd have a sum possibly orders of magnitude greater.