I can see that mining is a good incentive to look for excess energy in all kinds of places and make use of it. That's a capitalistic motiv, finding solutions to derived issues, when something else is at the core of the problem. But anyway.
B$ still looks ridiculous, let me explain.
* world electrical energy consumption: ~25000 TWh [1]
* bitcoin energy consumption index: ~77 TWh [2]
Bitcoin today consumes as much as 0.3% of the total energy available on this planet.
That's fine, if half the world would use it and would do meaningful things with it.
What is it actually used for most visibly?
As a betting ground with galactic momentum, a technology promising to be the solution to everything, and just outrageous claims that only the bovine left to be excited about.
It's not that the algorithms and data structures are not cool, the certainly are - but we can do so much more today with technology than this.
[1] https://www.vgb.org/en/data_powergeneration.html?dfid=98054
[2] https://digiconomist.net/bitcoin-energy-consumption
B$ still looks ridiculous, let me explain.
* world electrical energy consumption: ~25000 TWh [1] * bitcoin energy consumption index: ~77 TWh [2]
Bitcoin today consumes as much as 0.3% of the total energy available on this planet.
That's fine, if half the world would use it and would do meaningful things with it.
What is it actually used for most visibly?
As a betting ground with galactic momentum, a technology promising to be the solution to everything, and just outrageous claims that only the bovine left to be excited about.
It's not that the algorithms and data structures are not cool, the certainly are - but we can do so much more today with technology than this.
[1] https://www.vgb.org/en/data_powergeneration.html?dfid=98054 [2] https://digiconomist.net/bitcoin-energy-consumption