Difference between revisions of "Bitcoin mining likely uses more energy than it takes to keep New Zealand's lights on"
From Critiques Of Libertarianism
(Created page with "<!-- you can have any number of categories here --> Category:John Quiggin Category:Bitcoin <!-- 1 URL must be followed by >= 0 Other URL and Old URL and 1 End URL.--> ...") |
|||
Line 7: | Line 7: | ||
<!-- {{Old URL | url = }} --> | <!-- {{Old URL | url = }} --> | ||
{{End URL}} | {{End URL}} | ||
− | {{DES | des = "A supporter of Bitcoin, Carlos Domingo, hit back with a calculation suggesting that the entire global financial system uses about 100TWh per year, or three times as much as the Diginconomics estimate for Bitcoin... [but] the global financial system serves the entire world. By contrast, the number of active Bitcoin investors has been estimated at 3 million." | show=}} | + | {{DES | des = "A supporter of Bitcoin, Carlos Domingo, hit back with a calculation suggesting that the entire global financial system uses about 100TWh per year, or three times as much as the Diginconomics estimate for Bitcoin... [but] the global financial system serves the entire world. By contrast, the number of active Bitcoin investors has been estimated at 3 million." That makes normal systems 1000 times more efficient.| show=}} |
<!-- insert wiki page text here --> | <!-- insert wiki page text here --> | ||
<!-- DPL has problems with categories that have a single quote in them. Use these explicit workarounds. --> | <!-- DPL has problems with categories that have a single quote in them. Use these explicit workarounds. --> |