Bitcoins are a waste of energy - literally

Shorter thoughts and general discussion of cryptocurrency related topics
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This forum is complementary to Bitcoin Thoughts and is a a place to discuss shorter thoughts about bitcoins, altcoins, and cryptocurrencies.

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Topics may include bitcoin prices, outlooks on altcoins, cryptocurrency development, economics, and more. Feel free to share outlooks on other things as long as the major focus is on cryptocurrencies. Announcement posts are prohibited in this forum; review the rules in the other Prohashing forums for the best place to post your announcement.
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hashingpro
Posts: 207
Joined: Fri Aug 18, 2017 1:14 am

Bitcoins are a waste of energy - literally

Post by hashingpro » Fri Sep 08, 2017 12:44 am

http://www.abc.net.au/news/2015-10-06/q ... gy/6827940

Thought some folks may get a kick out of this one. A news article from 2015 about crypto.
Tom3
Posts: 26
Joined: Sun Jun 18, 2017 7:30 am

Re: Bitcoins are a waste of energy - literally

Post by 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 ....
hashingpro
Posts: 207
Joined: Fri Aug 18, 2017 1:14 am

Re: Bitcoins are a waste of energy - literally

Post by 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.
GregoryGHarding
Posts: 665
Joined: Sun Apr 16, 2017 3:01 pm

Re: Bitcoins are a waste of energy - literally

Post by 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
vinylwasp
Posts: 98
Joined: Mon Oct 31, 2016 3:42 am
Location: Singapore

Re: Bitcoins are a waste of energy - literally

Post by vinylwasp » Mon Oct 23, 2017 2:50 pm

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