It seems very silly.
Yope.
Giant Bitcoin farms are consuming enormous amount of resources, electricity, computers, buildings. Just to create imaginary currency on par with Monopoly money.
Maybe Greta can help?!
It ain’t gonna stop the salmon and steelhead from their spring run.
not to worry ... our American fascist overlords will mandate that we peasants must do our part to offset this horrendous “carbon footprint” by switching from eating meat to eating meat-flavored soy patties, you know, Nuevo Soylent Green so to speak ... our overlords of course will still require the consumption of copious quantities of high-quality meat to maintain sufficient energy to dictate our behavior ... them and their military enforcers, of course ...
The collapse of bitcoin will be sudden and violent.
When the mining machines stop, and bitcoin evaporates into the ether, my pile of gold will still be here.
Bitcoins are created from nothing. They are fiat money. The dollar is created from nothing. The dollar is fiat currency.
China is the home of 70% of the bitcoin generation
Bitcoin can only use solar and wind power like everyone else.
Bitcoin and other cryptocurrencies are made up data bits assembled in blocks - similar to how a single character is 8-bits but a word would be the sum or total letters. Miners usually join pools with other miners and they all work together. Everyone in the pool gets some credit based on their hash rate or contribution to the poll in finding, or solving a bitcoin.
Unless they're building new nuke plants, it's going to be coal, because there simply isn't a 24/7 "sustainable" (there's an oxymoronic label) alternative that will keep the lights on consistently. Burn baby burn.
LMAO, and to think people actually invest hard currency on this.......
LMAO... insanity will consume these beasts long before they consume us.
Wish I’d have bought 20 of that ‘worthless’ crypto back when it was $150 because I’d be a millionaire right now.
Wonder how much energy Facebook, Twitter and YouTube are sucking up? met you it’s more.
The good news is China is building hundreds of coal fired power plants so there won’t be a shortage of juice.
Unfortunately physics says that resistive line loss makes running cables to California impractical.
About 92% of government backed currency is electronic data. The other 8% is physical promissory notes aka dollar bills and coins. That means if 10% of the population(monetary-wise) try to go get their money from the bank right now, they wouldn’t be able to.
Mining gold is extremeny energy intensive. When you mine gold, gou get something for the effort that is physical, tangible, extremely long lasting, and inherently valuable.
When you mine Bitcoin, you get unique but inherently fragile bit patterns.
Shades of PT Barnum.. now accepting BitCoin at all circus events.