Oh, it only requires ALL the energy from by far the largest and most environmentally destructive hydroelectric dam on the planet? One that accounts for 10% of China's energy use? Oh, that's nothing at all then! /s
How do guys like you keep a straight face saying things like this? This is an utterly insane amount of power. And putting into context the utility these crypto services are providing to most people (very little), it's even more insane. How much power would we be using if everyone actually started using PoW crypto for useful transactions regularly?
And it's not just electricity, it's high-end silicon too.
Cryptocurrencies is the first example of an algorithmic cancer IMO. (I cell that's tricking its host into thinking it's useful, but which mainly replicates and takes over resources as much as it can regardless of the utility the cells have to the host.)
How do guys like you keep a straight face saying things like this? This is an utterly insane amount of power. And putting into context the utility these crypto services are providing to most people (very little), it's even more insane. How much power would we be using if everyone actually started using PoW crypto for useful transactions regularly?
And it's not just electricity, it's high-end silicon too.
Cryptocurrencies is the first example of an algorithmic cancer IMO. (I cell that's tricking its host into thinking it's useful, but which mainly replicates and takes over resources as much as it can regardless of the utility the cells have to the host.)