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Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations
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on: January 31, 2020, 02:30:52 PM
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Let's beat this with actual statistics, I think it's pretty obvious this person doesn't really understand anything about what she is talking about anyway. Going off a graphic, it seems in 2018 the world used 200,000 (TWH), and following the usually % increase in electricity cost, it's fair to say that ~ 84.23 TWH has been used in 2019. Now, I am using a tool created by students at Cambridge university - https://www.cbeci.org/. With the current bitcoin network power (which keep in mind, is even higher then the network power last year), it estimates that 10-11 GW is being used a year for bitcoin network power. 0.042% of electricity... That is not a much, compared to how much % other services take up. Some quick back of the envelop analysis from your stats. It takes 4 acre of land to produce 1MW using solar generators. In order to produce 10GW we need 40000 acre land (just 62.5 square miles). Multiply it by 4 to account for bad weather and night time offline generators. The is hardly anything considerable, especially in sun rich countries like Australia, India, and several others in Africa where land is cheap and lots of barren properties are available to be scooped up / leased for cheap. Bitcoin network can entirely be supported with renewables, if need be, for a considerable amount of time in to the future. |
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Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations
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on: January 30, 2020, 12:49:14 PM
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Let's beat this with actual statistics, I think it's pretty obvious this person doesn't really understand anything about what she is talking about anyway. Going off a graphic, it seems in 2018 the world used 200,000 (TWH), and following the usually % increase in electricity cost, it's fair to say that ~ 84.23 TWH has been used in 2019. Now, I am using a tool created by students at Cambridge university - https://www.cbeci.org/. With the current bitcoin network power (which keep in mind, is even higher then the network power last year), it estimates that 10-11 GW is being used a year for bitcoin network power. 0.042% of electricity... That is not a much, compared to how much % other services take up. In light of the total wealth that is being secured by the Bitcoin network (both current, ~200bn, and future projections upto a few trillions USD), I think the world is getting a really good deal with the energy consumption of the Bitcoin network, especially when compared to the waste that is the banking industry. |
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Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations
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on: January 30, 2020, 12:35:16 AM
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Yeah, and they eat chocolate all day that comes out of blue cows' horns.
Switzerland is the 10th in vehicle ownership per capita, with four countries being obviously not suited for these criteria ( San Marino or Liechtenstein).
And while the US might have more cars per capita they also have older cars by an average of 2 years.
you mean the puny Swiss designed car in existence, the Smart Fortwo.  , where do you think the Swiss drive their cars, on the slope of Alps? Swiss use their congested commuter trains and buses as well as 2 legs to travel around and maybe use their cars during vacation outside the country. The Swiss energy footprint for all practical purpose is nada, and thus Bitcoin network's energy consumption, which is similar to this tiny country, should not be a point of debate. |
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Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations
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on: January 29, 2020, 11:58:48 AM
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Are we really going to compare and say that 9 million people traveling, working, partying and making chocolate and watches consuming the same amount of energy as 300 000 people doing a transaction a day is the same?
the 9 million people who live like ants, in stinky insulated cottages, burning oil and wood to heat them, where AC is a remote concept, hardly drive any cars, and in a tiny mountainous isolated region full of cows. vs the 300k people who live in the real world, wanting to secure real wealth from destruction. Security is expensive, if in doubt look at the American military. |
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