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Did you know a single bitcoin transaction consume as much electricity as an average American household uses in 24 days ? :cryptocurrency:
Crypto dudes aren't just insufferable, they're actively damaging the fucking planet.
One of my clients asked me my opinion on crypto and I told him my concerns about the environmental aspect and he was like “oh you’re one of those people” lmao
This might be a dumb question, but what is it that takes that much electricity?
The premise of the entire thing is that you're rewarded for having the most comupting power wasting the most energy. That's how the "currency" is "mined/minted"
The computer solves very complex computational problems to “mint”/create a coin so by its very nature it requires electricity to crunch those computations. And also verifying the validity of coins and owners and stuff requires some number crunching itself but i think, if im not mistaken, the bulk of the energy being used is for minting them
It's amazing that capitalism has so thoroughly run against the wall of finite resources that we're creating imaginary extraction industries. Really shows what the presumption of infinite growth does to a mfer
If you're curious on a detailed explanation that outlines just how idiotically the energy is wasted, see my comment here.
Every bitcoin miner out there is constantly trying to find a value called a nonce, that once combined with a set of transactions and SHA256-hashed will produce a hash that's lower than a global difficulty target. This is extremely intense in terms of computation and requires vast arrays of specialized chips to do. Once a miner out there finds such a nonce, it broadcasts a set of recent transactions made by people everywhere in a block, and as an aside also obtains 6.25 fresh newly created bitcoins - this is part of how miners make money; the other is the transaction fees users are offering for their transaction to be included in the block the miner broadcasts once he has found the nonce (the amount of transactions that can be included in a block varies but is around ~2200, so a miner that just found a new valid nonce will tend to include the transactions with the highest fees in their block).
This block creation process is both the way transactions are validated / made official between wallets but also the source of newly created bitcoin (originally finding a block rewarded you with 50 BTC; it halves every few years). The nonce guessing process described above is how the energy I mentioned is consumed: by gigantic ASIC farms that constantly try to guess this random value to be able to broadcast the next valid block.
China banning crypto transactions services will help the eviroment more than any green policy the US has passed in the last 30 years
is this something that has been seriously proposed? or are you just saying in the abstract?
i think they just mention they would do it, its one of the reasons why the cryptos have fallen in value in the last days
:youre-laughing: cryptoids seething and pissing and farting their pants rn
Gusano in my neighborhood finally took down all his trump flags :sicko-yes:
Oh you think Israel shouldn't be an apartheid state? Well I just found a 2500 year old urn which in ancient Hebrew says "suck on deez nuts"
:lenin-shining: :countdown: by the time this timer reaches zero you will already be dead :countdown: :lenin-shining:
I refreshed the page and the counter :think-about-it:
Fairly sure this was more or less a plot point in Lost
omg no plz i hav no family but i do have a lizurd and some roomates who talk a lot uv shit
My backyard outside of my window is like a giant aviary anymore. The robins and other assorted birds love to bathe in the stream that runs between my yard and my neighbors, it's pretty neat.
Wow, r/worldnews and pretty much all the subs have come down hard on Israel. Conspiracy brain thinks the reactionaries got exactly what they wanted and are now shifting gears. They spent years tying all Jews and Judaism to Israel by calling any criticism of the state anti-semetic. Now that Israel is literally being Nazis and public opinion has shifted, they're going to use this to turn antisemitism up to 100.
Who could have seen this coming.
Thinking about Obama calling LeBron and telling him to stop striking and go risk his life for the owners who need to make money
Oh you can't make in fun of non-binary people on the radio anymore, let me play the world's smallest violin for you mediocre white comedian guy.
How can I do the comedy if I can’t yell slurs about marginalized people in a microphone?!?! :angery:
You expect me to be actually funny?! This is cancel culture gone too far!
Returning to chapo tradition by not pinning the megathread
Virgil's leaves chapo officially, and within two hours they release an in depth episode on Palestine. Curious,,,
