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NFTs are terrible for the environment. Do better.
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NFTs in themself are not bad for the environment. The blockchain networks that are mining are the things consuming all of that power. They piggyback off the blockchain which is going to be mining regardless of NFT sales...
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So you could do the math and come up with the amount of energy it took to mine 60k worth of blockchain, someone do this curious how much energy it cost
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Do you mean $60k worth of ETH? Depends on when it was mined, how it was mined. Could have been mined by one guy with a pen and paper.
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Idk give me an estimate 🤷
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It takes the same amount of energy to power a $1 transaction as it does to power a $60k or $1m transaction.
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But crypto art isn't just one transaction. How many bids do you think it takes to get an NFT auction to $60k? How about $1m?
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These measurements are BS but it sounds like you’re mad about energy being so cheap that it’s affordable to use the blockchain at all. The transaction fee pays for the energy used to transfer, settle and maintain the ledger securely. The co2 comes from electricity production.
I don't dislike crypto, I have $700 in btc right now. I've owned for almost 7 years. I just think there's SO MUCH wrong with this current NFT implementation, from corruption to environmental damage to pyramid schemes to lack of value, we should put on the breaks until we fix it.
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I keep hearing so much about "but mining doesn't have to use harmful methods" and "but ethereum is moving to proof of stake" but what's the reality of these situations? Why can't we pump the brakes until it IS pos, why can't people admit that a lot of mining rigs are harmful?
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