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SJC_Hacker | 22 days ago

> urns out the decentralised currency for the people is also an environmental disaster built on planned obsolescence. Who knew.

Only proof of work systems, such as Bitcoin. Proof of stake such as Ethereum is a lot less energy intensive

discuss

order

dijit|21 days ago

ethereum has a similar ewaste problem

SJC_Hacker|21 days ago

> ethereum has a similar ewaste problem

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)