Digiconomist

@DigiEconomist

Exposing the Unintended Consequences of Digital Trends

Vrijeme pridruživanja: veljača 2014.

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  1. proslijedio/la je Tweet
    27. lip 2019.
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  2. prije 24 sata

    Generation is at 11.269 kilotonnes per year (comparable to a country like Luxembourg) A footprint of 98.7 grams per unique transaction (equal to the weight of 1.5 'C'-size batteries or 2.1 golf balls)

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  3. 5. velj
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  4. 4. velj

    The recent rise of the price is also pushing the Bitcoin Energy Consumption Index to new all-time highs. 😱

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  5. 4. velj

    's TWh usage results in a of 35.39 MtCO2 (comparable to a country like New Zealand) The per unique transaction is 310.70 kgCO2 (equivalent to 776,753 VISA transactions)

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  6. 4. velj

    The latest Energy Consumption Index is 74.528 TWh per year (comparable to a country like Venezuela) The per unique transaction is 655 kWh (enough to power 1 U.S. household for 22.1 days)

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  7. 3. velj

    Bitmain had a disastrous year; losing substantial market share to various players and especially to MicroBT. Layoffs were the inevitable outcome. This is a company struggling to survive at any price.

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  8. 3. velj

    They’d have to ban selling completely to prevent a drop. No amount of money can fix that the economy has halted for now. 🤷‍♂️

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  9. 3. velj

    While often forgotten; mining ASICs have no purpose beyond mining . On average, a single Bitcoin miner device gets trashed every 50 BTC transactions

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  10. 3. velj

    Attention for ’s e-waste side is increasing. More research is citing: Open access per next month (March 14).

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  11. 3. velj

    Something a Bitcoiners would say: every year more people die because of Christmas decorations than the number of deaths as a result of the , so we better focus our efforts on containing those Christmas lights. 😑

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  12. 2. velj

    You’ll never see these people in crypto again

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  13. proslijedio/la je Tweet
    1. velj

    Bitcoiners arguing that PoS-based systems lead to centralization:

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  14. 1. velj

    Bitcoiners arguing that PoS-based systems lead to centralization:

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  15. proslijedio/la je Tweet
    31. sij

    The community loves to use absolute numbers because they know plays an insignificant role in the grand scheme of things. The problem is that e.g. criminal transactions and environmental impact are strongly disproportionate; and in the way of mainstream adoption.

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  16. proslijedio/la je Tweet
    31. sij

    Five mining entities -- all of them based in China -- control 49.9% of all computing power on the Bitcoin network, the highest concentration of mining power ever, a new analysis from TokenAnalyst found

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  17. 31. sij

    In the meanwhile this PoW thing is turning in the most environmentally damaging centralized database

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  18. 31. sij

    The community loves to use absolute numbers because they know plays an insignificant role in the grand scheme of things. The problem is that e.g. criminal transactions and environmental impact are strongly disproportionate; and in the way of mainstream adoption.

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  19. proslijedio/la je Tweet

    Each time we write about Bitcoin and online drug markets we hear from lots of Bitcoin folks who say the topic is not worthy of coverage and is blown out of proportion. It seems worth explaining how I think about this. So a thread.

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  20. proslijedio/la je Tweet
    30. sij

    MicroBT and Canaan have notified customers they would be delaying ASIC deliveries due to the Chinese government's quarantine of Wuhan following the coronavirus outbreak.

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  21. 30. sij

    If 13 million Americans became sick as a result of the ~260,000 would die (fatality rate currently estimated at 2%).

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