DrDawkinstein Posted March 11 Share Posted March 11 On 3/6/2024 at 12:30 PM, Doc said: BTC hit its all-time high yesterday and then cryptos crashed. They're back up today. We good. Quote Link to comment Share on other sites More sharing options...
CowgirlsFan Posted March 18 Share Posted March 18 No eventhough there's a factory in my hometown. Quote Link to comment Share on other sites More sharing options...
Turk71 Posted March 18 Share Posted March 18 (edited) Total consumption of electricity used for Bitcoin mining world wide doubled between Jan 1st 2023 and December 31st 2023. The low end estimated total of ~150 TWH is ~equal to the total electricity consumed by the countries of Ireland, Denmark, New Zealand, and Israel combined. Just think about that, consuming the same amount of electricity as 4 modern countries combined to produce virtual currency that only ever exists virtually. Meanwhile in the corporeal world the oceans are rising at an ever increasing rate, icebergs, permafrost, polar caps, mountain glaciers melting, unusually powerful and destructive weather becoming more common, species disappearing at increasing rates, drought and famine, etc etc etc What a time to invent such an energy consuming currency. Perhaps the Billionaires who own large chunks of the energy sector invented it? The fact that no one knows who created Bitcoin,(except whoever invented Bitcoin of course) is just inconceivable to me. Over $1.3 trillion dollars invested in a virtual currency that consumes the total electricity of 4 countries combined while the Earth is overheating, and virtually no one knows who is behind it. I feel like I'm on planet Stupid. Are we not men? We are Devo P.S. the electricity consumption is just one element of Bitcoin's impact https://digiconomist.net/bitcoin-energy-consumption Edited March 18 by Turk71 1 Quote Link to comment Share on other sites More sharing options...
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