this post was submitted on 10 Feb 2024
132 points (82.4% liked)

Technology

59298 readers
4911 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
132
Because AI and Crypto use so much electricity, what if a law was made that they had to power it with green energy? (lemmy.zip)
submitted 9 months ago* (last edited 9 months ago) by [email protected] to c/[email protected]
79 comments fedilink hide all child comments
 

Something on the lines of if your company facility is using over X amount of energy the majority of that has to be from a green source such as solar power. What would happen and is this feasible or am I totally thinking about this wrong

Edit: Good responses from everyone, my point in asking this was completely hypothetical, ignoring how hard it would be to implement a restriction. My own thoughts are that requiring the use of renewable energy for high electricity products could help spur the demand for it as now it's a requirement. Of course companies would fight back, they want money

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 13 points 9 months ago (3 children)

By your estimate, visa used 3.4x the power of eth. I would guess visa handles much much more than 3.4x the volume of currency transactions and is way more efficient on energy.

[–] [email protected] 13 points 9 months ago

The thing that everyone misses in these comparisons is that yes that’s the energy that VISA expended to make these transactions but for a crypto currency the energy use isn’t even to make the transaction. In the end each transaction is a few Bytes of data that have no difficulty getting across the world (much like this post or any comment). The energy use is so “high” because that’s is used to secure the currency. And of course that’s a much harder comparison to make but a fairer one.

How much energy does the the banking system actually use? How much energy is used to secure the US dollar for example?

You have to account for the entirety of it. That’s like saying that F1 doesn’t pollute all that much because they use bio fuel and the cars are very energy efficient, completely disregarding the fact that the majority of the pollution is in the constant global shipping of cars and gear, as well as R & D

[–] [email protected] 10 points 9 months ago

Ethereum did approximately 1.1m transactions a day. Visa did approximately 660m a day.

Small difference lol

[–] [email protected] -3 points 9 months ago

Probably, but Ethereum does a lot of things that Visa can't. Visa transactions are exceedingly simple. It was just the only generally comparable thing I could think of that I could get energy figures for, do you know of any better examples?