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SJC_Hacker | 22 days ago
Only proof of work systems, such as Bitcoin. Proof of stake such as Ethereum is a lot less energy intensive
SJC_Hacker | 22 days ago
Only proof of work systems, such as Bitcoin. Proof of stake such as Ethereum is a lot less energy intensive
dijit|21 days ago
SJC_Hacker|21 days ago
Is it any worse now than say, the NYSE ?
This reference says energy usage was 0.0026 TWh (2.6 GWh, or 2600 MWh) in a year
https://ethereum.org/energy-consumption
If the power was used over the whole year (and not just one hour)
(2600 MWh / year) / (24 * 365 h/year) = 0.29 MWh = 296 kWh. Thats like hair dryer levels of power consumption (if the hair dryver was left on all the time)