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
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.