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Joined 1 year ago
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Cake day: July 14th, 2023

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  • I’m not sure planting forests instead of housing is always a win for the environment. If the land is in a place where people can take sustainable transportation to their jobs, you should put dense housing there. Or else people will have to drive around your suburban forest.

    But in the Brain May case, I have no clue where the forest is



  • If you follow the sources the source of the data and it’s methodology uses the CBECI which the latest update lists a range of 75-384 TWh. (Note that the “2%” listed in the parent article is the global power consumption of the Bitcoin network compared to the US electrical network, aka a bad faith comparison)

    This is Incorrect. The source for the 2 percent is https://www.eia.gov/todayinenergy/detail.php?id=61364. Which is a government study giving a rage from .6 to 2.3. They arrived at this number by extrapolating the CBECI data to the US, and by investigating individual bitcoin mining facilities.

    Electricity is ~38% of US energy consumption

    38% is a lot. Also, electricity consumption is 100% of the load on our power grid, so its worth looking into whether the use of electricity is pro-social or anti-social. From my perspective, even the 0.6% figure is far too much electricity to devote to mining bitcoin. We are talking about power use at the order of magnitude of a small state whose sole purpose is to generate profits for a few people.