• Janked [he/him]
      ·
      4 years ago

      All crypto bullshit is based around solving math problems for no reason, this is a good article: https://drewdevault.com/2021/04/26/Cryptocurrency-is-a-disaster.html

    • GreenTeaRedFlag [any]
      ·
      4 years ago

      Becuase of the amount of energy required for computers to run the blockchain, crypto accounted for I think 10% of all energy consumption last year. NFTs are even worse.

      • Vampire [any]
        ·
        4 years ago

        Well it's not 10% but yeah. Bitcoin was 51 megatons of CO2, which is like 0.14% of total idk?

        Plus Ethereum: https://digiconomist.net/ethereum-energy-consumption

        Ethereum uses less than Bitcoin, not more, btw, as it's a less valuable network overall therefore less incentive for mining.

        • GreenTeaRedFlag [any]
          ·
          4 years ago

          Thanks for the correction. I find this crap hard to follow most of the time.