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.     

More.

 

Why Sam Bankman-Fried of Alameda/FTX isn't in jail already

 

Data here.

LOL, Bitcoin mining operations in Texas threaten power limits, perverse grid operator blames coal and natural gas plants for being offline when overreliance on wind in summer is to blame

 From the story here: 

ERCOT blamed forced outages at coal- and natural gas-fed power plants, and low wind power generation. A spokesperson declined to provide details on the number or type of generating plants that were offline and prompted conservation measures. ... As on Monday, it avoided forced cuts when big power consumers agreed to halt operations. Lee Bratcher, president of Texas Blockchain Council, said all of the state's large-scale Bitcoin mining operations, which consume about 1,000 megawatts, are currently offline because of ERCOT's call for conservation and high power prices.

LOL, the Drudge help writes "takies" talking about "Thiel" "taking aim"

 Takies aim at Bitcoin's 'enemies' Dimon, Fink...