In 2005, I thought that selling 1 million pixels for $1 each was a smartass idea but wouldn't work twice.
I was wrong.
It happens you can sell 21 millions chocolate coins, as long as you wrap them in crypto gibberish.
Binance has been ordered to disable its website and mobile applications within Malaysia as regulators there alleged illegal operations against the crypto exchange https://trib.al/pS3crfO
We are still waiting for it to switch to POS.
The latest #Ethereum Energy Consumption Index is 58.695 TWh per Year/5.43 Mil US households (+0.35%) http://ethereumenergyconsumption.com
133.8 KWh per unique transactio…
and again ...
Someone kill this thing.
It's really suffering.
Let's not count on carbon capture for climate.
The cumulative quantity of carbon dioxide avoided through the use of CCS in Australia, relative to the cumulative quantity of carbon dioxide released through the burning of fossil fuels (from 1959 onwards):
> Decentralized cryptocurrencies are a cyberpunk parody of unregulated capitalism. They are a disastrous resource drain on the world, by design.
This champion is on Twitter :
This little crook steals power from Starbuck with a $875 rig, and "earns" $9.3 / month.
He may pay back his rig in 8 years .... Not counting the coffees and constant increase of mining difficulty.
The stupidity of crypto nerds is not scarce.
5/ They also cite "experts" who seem not to understand mining at all. They believe swithing to more efficient hardware is good for the environment : this has absolutely zero impact (other than the profit of miners and producing more e-waste) since the difficulty adapts.
4/ The article from cryptoglobe cites another from cnbc, which is even worse. They link to Cambridge mining map as proof for new location of miners (https://cbeci.org/mining_map).
This map has not been updated since april 2021, before China's ban !
3/ Sadly, this relief is only temporary as miners are relocating rapidly in areas powered by fossil : Russia, Kazakhstan, Taxes, Canada (fossil gas), ...
On the long run, the average carbon footprint may be worse than before the ban. We need time to estimate it.
2/ This decrease in hashrate certainly leads to a decrease in consumption and environmental impact which is welcome but difficult to evaluate precisely.
@DigiEconomist is more transparent about this and published a warning about it on their website.
This article is missleading. There is no new report from Cambridge University (@CambridgeAltFin). Their data is updated automatically daily and reflects the drop of 50% hashrate following China's ban.
BTC was built after 2008 crisis as a edge against the evil financial system. 12 years later it became its core and a major systemic risk that might trigger the next crisis.... Bitcoiners are now celebrating it. Bitcoin is based on the same rotten values as our current system.
Scared to death, scared to look, they shook.
We have gone from "#Bitcoin is bad for the environment" to "#Bitcoin is a systemic threat to the…
Technology won't save us. Bitcoin is not a solution to anything.
This is a brand new server run by the main developers of the project as a spin-off of mastodon.social It is not focused on any particular niche interest - everyone is welcome as long as you follow our code of conduct!