Lee Duna to Technology@lemmy.worldEnglish • 2 years agoEach Bitcoin transaction uses 4,200 gallons of water — enough to fill a swimming pool — and could potentially cause freshwater shortageswww.tomshardware.comexternal-linkmessage-square12arrow-up13
arrow-up13external-linkEach Bitcoin transaction uses 4,200 gallons of water — enough to fill a swimming pool — and could potentially cause freshwater shortageswww.tomshardware.comLee Duna to Technology@lemmy.worldEnglish • 2 years agomessage-square12
minus-squareSnot FlickermanlinkfedilinkEnglish1•2 years agoI mean, yeah, it’s bad. We shouldn’t be ignoring how bad bitcoin is for the environment. But are you really gonna tell me that all the computers and CPU time that Wall Street uses for trading somehow takes less? It doesn’t matter what financial system you use, you’re still burning energy to make it work.
minus-square@zeppo@lemmy.worldlinkfedilinkEnglish0•2 years agoAs far as transactions, yes, something like Visa takes way less than Bitcoin. For HFT compared to crypto, who knows, but one thing they’re not doing is something intentionally wasteful like proof of work.
I mean, yeah, it’s bad. We shouldn’t be ignoring how bad bitcoin is for the environment.
But are you really gonna tell me that all the computers and CPU time that Wall Street uses for trading somehow takes less?
It doesn’t matter what financial system you use, you’re still burning energy to make it work.
As far as transactions, yes, something like Visa takes way less than Bitcoin. For HFT compared to crypto, who knows, but one thing they’re not doing is something intentionally wasteful like proof of work.