Lee Duna@lemmy.nz to Technology@beehaw.orgEnglish · 1 year agoEach Bitcoin transaction uses 4,200 gallons of water — enough to fill a swimming pool — and could potentially cause freshwater shortageswww.tomshardware.comexternal-linkmessage-square90fedilinkarrow-up1201arrow-down10cross-posted to: technology@lemmy.world
arrow-up1201arrow-down1external-linkEach Bitcoin transaction uses 4,200 gallons of water — enough to fill a swimming pool — and could potentially cause freshwater shortageswww.tomshardware.comLee Duna@lemmy.nz to Technology@beehaw.orgEnglish · 1 year agomessage-square90fedilinkcross-posted to: technology@lemmy.world
minus-squareGameWarrior@discuss.onlinelinkfedilinkEnglisharrow-up12·1 year agoWell my understanding is that visa, MasterCard ECT. Are far more efficient in terms of energy and transaction time when compared to Bitcoin and Ether. Visa uses about a quarter of the power per 100,000 transactions. So I would assume that would mean fewer data center computers to cool and therefore less water used per transaction
minus-squarewolframhart@lemmy.todaylinkfedilinkEnglisharrow-up2·1 year agoSorry, I’ve not kept up to date with crypto, but wasn’t ethereum due to move from computational mining to staking? Wouldn’t that be a lot more efficient, or is that not a thing yet?
minus-squarejarfil@beehaw.orglinkfedilinkarrow-up1·1 year agoMost importantly, VISA, MasterCard, etc. are far more profitable for VISA, MasterCard, etc. stock holders.
Well my understanding is that visa, MasterCard ECT. Are far more efficient in terms of energy and transaction time when compared to Bitcoin and Ether. Visa uses about a quarter of the power per 100,000 transactions.
So I would assume that would mean fewer data center computers to cool and therefore less water used per transaction
Sorry, I’ve not kept up to date with crypto, but wasn’t ethereum due to move from computational mining to staking? Wouldn’t that be a lot more efficient, or is that not a thing yet?
Most importantly, VISA, MasterCard, etc. are far more profitable for VISA, MasterCard, etc. stock holders.