Bitcoin Insanity

This is just plain bonkers.

Statistic: Bitcoin network average energy consumption per transaction compared to VISA network as of 2020 (in kilowatt-hours) | Statista
Find more statistics at Statista

• Bitcoin vs. VISA: energy consumption per transaction 2020 | Statista

I haven’t got a paid account so I can see the source of the information - but the site looks reliable. If that is true, fuck bitcoin.

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It’s maddening to think about the waste of resources on it all that computing power just pissed up the wall

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BBC News - Sandwell Bitcoin mine found stealing electricity

Police thought it was a weed farm they where going to raid

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That’s bonkers.

In all honesty, I use NiceHash when not gaming… But that just takes the piss :man_facepalming:

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This bit got me

Bitcoin’s electricity consumption is currently greater than The Netherlands’, according to the Cambridge Bitcoin Electricity Consumption Index.