Lee Duna@lemmy.nz to Technology@lemmy.worldEnglish · 1 year agoEach Bitcoin transaction uses 4,200 gallons of water — enough to fill a swimming pool — and could potentially cause freshwater shortageswww.tomshardware.comexternal-linkmessage-square3fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkEach Bitcoin transaction uses 4,200 gallons of water — enough to fill a swimming pool — and could potentially cause freshwater shortageswww.tomshardware.comLee Duna@lemmy.nz to Technology@lemmy.worldEnglish · 1 year agomessage-square3fedilink
minus-squareSnot Flickerman@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up0·1 year agoI mean, yeah, it’s bad. We shouldn’t be ignoring how bad bitcoin is for the environment. But are you really gonna tell me that all the computers and CPU time that Wall Street uses for trading somehow takes less? It doesn’t matter what financial system you use, you’re still burning energy to make it work.
minus-squarezeppo@lemmy.worldlinkfedilinkEnglisharrow-up0·1 year agoAs far as transactions, yes, something like Visa takes way less than Bitcoin. For HFT compared to crypto, who knows, but one thing they’re not doing is something intentionally wasteful like proof of work.
I mean, yeah, it’s bad. We shouldn’t be ignoring how bad bitcoin is for the environment.
But are you really gonna tell me that all the computers and CPU time that Wall Street uses for trading somehow takes less?
It doesn’t matter what financial system you use, you’re still burning energy to make it work.
As far as transactions, yes, something like Visa takes way less than Bitcoin. For HFT compared to crypto, who knows, but one thing they’re not doing is something intentionally wasteful like proof of work.