• Lavitz@lemmings.world
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    8 months ago

    It’s estimated that Bitcoin uses the same amount of energy as the entire Internet. Just to put that in perspective that’s roughly 2% of all the energy generated by America every year.

    America produces roughly 14,000,000,000,000 pounds of greenhouse gases in a year and 2% of that is 280,000,000,000 pounds…

    • capital@lemmy.world
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      8 months ago

      It’s estimated that Bitcoin uses the same amount of energy as the entire Internet.

      I checked out of the bitcoin hype years ago but is there a source for this? On it’s face, it sounds outlandish.

      • calcopiritus@lemmy.world
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        8 months ago

        It’s not outlandish if you know that mining Bitcoin basically means to waste electricity. The more electricity you use, the more Bitcoin you mine.

        Bitcoin mining consists one brute forcing the inverse of a function that doesn’t have an inverse. You just try every number and if you’re lucky you get paid.

      • Lavitz@lemmings.world
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        8 months ago

        Without transportation and freight you could not generate the energy. You are taking the steps to create energy and somehow trying to create a disconnect. This feels very disingenuous.