Tukma@lemmy.cafe to News@lemmy.worldEnglish · 8 months agoBitcoin briefly rises to record high over $70,000www.reuters.comexternal-linkmessage-square58fedilinkarrow-up14arrow-down10
arrow-up14arrow-down1external-linkBitcoin briefly rises to record high over $70,000www.reuters.comTukma@lemmy.cafe to News@lemmy.worldEnglish · 8 months agomessage-square58fedilink
minus-squarecaptainlezbian@lemmy.worldlinkfedilinkarrow-up0·8 months agoSo does that mean that it won’t use appreciably more electricity if it quintuples in size and volume unlike the world banking system?
minus-squareNull User Object@programming.devlinkfedilinkarrow-up0arrow-down1·8 months agoYou don’t think that the world banking system would use more energy if it quintupled in size? The world banking system uses more energy every time your local credit union installs an ATM at another grocery store.
minus-squarecalcopiritus@lemmy.worldlinkfedilinkarrow-up0arrow-down1·8 months agoDespite having millions of ATMs and banking offices, it uses less energy. There’s probably more ATMs than Bitcoin users. The Bitcoin network is absolutely tiny in userbase for the amount of energy they waste.
So does that mean that it won’t use appreciably more electricity if it quintuples in size and volume unlike the world banking system?
You don’t think that the world banking system would use more energy if it quintupled in size? The world banking system uses more energy every time your local credit union installs an ATM at another grocery store.
Despite having millions of ATMs and banking offices, it uses less energy.
There’s probably more ATMs than Bitcoin users.
The Bitcoin network is absolutely tiny in userbase for the amount of energy they waste.