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the most impressive number in this article is that the energy consumption of a single bitcoin transaction is equivalent to leaving an electric oven on for three days straight
RT @keisisqrl@twitter.com Bitcoin: the 39th largest country by energy consumption, beating out Austria and Chile digiconomist.net/bitcoin-energ

🐦🔗: twitter.com/keisisqrl/status/1

· Mastodon Twitter Crossposter · 2 · 3 · 2

and since the network is intentionally designed to do approximately constant work per unit wall-clock time, that will get WORSE as people add mining nodes, and only improve when the network votes to increase block size or ASIC manufacturers execute die shrinks

it took 7 hours for a bitcoiner to complain that this analysis isn't counting the "something of value" the system is doing by committing a coinbase transaction to magically give someone 25 BTC, which is longer than I expected and still the most ridiculous thing I've ever heard

additional fact for all my vegan friends out there: that's equivalent to the energy cost to produce about five pounds of beef, per treehugger.com/green-food/ener

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