Sunday, February 4, 2024

You can't put bitcoin in your pocket like gold and silver, and gold doesn't require 150 terawatt-hours of electricity annually for its existence

Crock of shit this bitcoin is. Same for anything digital.


But crypto has a dirty little secret that is very relevant to the real world: it uses a lot of energy. How much energy? Bitcoin, the world’s largest cryptocurrency, currently consumes an estimated 150 terawatt-hours of electricity annually — more than the entire country of Argentina, population 45 million. Producing that energy emits some 65 megatons of carbon dioxide into the atmosphere annually — comparable to the emissions of Greece — making crypto a significant contributor to global air pollution and climate change.     

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