Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption::The U.S Energy Information Administration is now requiring large-scale cryptomining operations to report their energy consumption. Inevitably this will bring about new regulations that will restrict the energy consumption of miners in the future.
ITT: Butthurt crypto bros
Wow. No kidding. I lost a very close friend who got obsessed with the “get rich quick” aspect of crypto, and these losers sound just like he did. Granted, there were a multitude of other reasons I stopped talking to him, but holy fuck
Let’s waste 2.7% energy for some virtual asset with purely speculative value while we warm our planet past the 1.5C. All out of greed.
Fake news
Which part?
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The concept of opportunity cost applies to everything.
If you think it does not, then I now know the person that should be explaining crypto electric consumption to me is a person who failed to fully grasp the concept of opportunity cost.
Enlightening… at least…
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🤣
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🤣🤣
You are talking like if this was creating any real value. Replace “mining crypto” with “wasting” in these.
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You can use more than one KW an hour lol
Fuck. You can !?
I’ve been turning off my stove every time i used a hair dryer for nothing?
I don’t think you understand how electricity works. Like at all. Do you think things max out at using 1 kWh? Why 1kWh and not simply 1 Wh? Or why could they not use 1 MWh? Should I inform the power company that they are clearly billing me wrong since they claim I use over 8760 kWh per year?
Instead you should be surprised that they are consuming so much goddamn power for something that has little use.
…what? Are you implying there aren’t enough hours in a year to use up that much energy? That doesn’t make any sense. What do you imagine is the maximum amount of energy a single person can use then?
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