Bitcoins are a waste of energy - literally

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hashingpro
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Bitcoins are a waste of energy - literally

Postby hashingpro » Fri Sep 08, 2017 12:44 am

http://www.abc.net.au/news/2015-10-06/quiggin-bitcoins-are-a-waste-of-energy/6827940

Thought some folks may get a kick out of this one. A news article from 2015 about crypto.
Tom3
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Re: Bitcoins are a waste of energy - literally

Postby Tom3 » Fri Sep 08, 2017 1:34 am

The kick out of this is what I was asking myself all the time how much all the Fiat Banking System including Swift uses energy. I never got to find a statistic. But I believe it is more ....
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hashingpro
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Re: Bitcoins are a waste of energy - literally

Postby hashingpro » Fri Sep 08, 2017 2:27 am

Well best as I can tell, there are around 5000 FDIC insured banks in America.
Plus non-insured smaller ones and Credit Unions.

I wonder what it costs to pay electric to all those brick and mortar stores?
And pay all those employees, Oh and don't they have computer equipment also, and pay other people to run it for them.
I wonder in the long run which system would end up being cheaper.

Betting we still hog up a ton of power!
And more with each shipment of hardware sent out.
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GregoryGHarding
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Re: Bitcoins are a waste of energy - literally

Postby GregoryGHarding » Fri Sep 08, 2017 10:51 am

where is John Quiggin now? looks like that was his last article in his profile at ABC.. FIRED lol
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Re: Bitcoins are a waste of energy - literally

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vinylwasp
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Re: Bitcoins are a waste of energy - literally

Postby vinylwasp » Mon Oct 23, 2017 2:50 pm


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