this post was submitted on 17 Jul 2024
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[–] [email protected] 69 points 3 months ago (2 children)

Bitcoin is estimated to consume 172 TWh, which is way more than Google and Microsoft combined.

https://digiconomist.net/bitcoin-energy-consumption

[–] [email protected] 5 points 3 months ago* (last edited 3 months ago) (1 children)

Yes, bitcoin is trash. But most modern cryptos use far less energy. For example the second largest crypto ethereum uses almost no energy compared to bitcoin/AI..

"AI" can not say the same at all. And, unlike crypto, there's no realistic improvement in sight. It just keeps getting worse.

[–] [email protected] 7 points 3 months ago

PoS requires significant staker profits to work, which would create the same inequality as the dollar has. It's basically dollar bonds but without regulations.