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Jeff Berardelli@weatherprof.bsky.social |
Crypto Mining Consumes a Mind-Boggling 2% of U.S. Electricity
Bitcoin alone consumes roughly the same amount of energy as Utah - about the same amount of electricity consumed by around 3 million to around 6 million homes. heatmap.news/sparks/bitco...
4 replies 10 reposts 16 likes
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@wholly-owned.bsky.social
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I would think Bitcoin is mined where electricity is relatively abundant, I.e. this is not a straight forward zero sum percentage
0 replies 0 reposts 1 likes
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Mallardshead
@mallardshead.bsky.social
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-what business that doesn't exist should that electricity flow to? -what's the exact energy mix? -how do energy contracts work? -how will an indie state grid (ercot) that has no fed oversight be reg'd w/out trampling state rights? -is mining's economy of scale fixed? be objective not ideological
0 replies 1 reposts 2 likes
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Kent Parkstreet, Laird of Doofus
@kentparkskeet.bsky.social
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Imagine historians looking back at this?
1 replies 0 reposts 3 likes
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Glenn Pacheco
@gmpwx.bsky.social
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Could, not does.
0 replies 0 reposts 0 likes