http://www.abc.net.au/news/2015-10-06/q ... gy/6827940
Thought some folks may get a kick out of this one. A news article from 2015 about crypto.
Bitcoins are a waste of energy - literally
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The Cryptocurrency Discussion forum is complementary to Bitcoin Thoughts and is a a place to discuss shorter thoughts about bitcoins, altcoins, and cryptocurrencies.
Topics may include bitcoin prices, outlooks on altcoins, cryptocurrency development, economics, and more. Feel free to share outlooks on other things as long as the major focus is on cryptocurrencies. Announcement posts are prohibited in this forum; review the rules in the other Prohashing forums for the best place to post your announcement.
For the full list of PROHASHING forums rules, please visit https://prohashing.com/help/prohashing- ... rms-forums.
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hashingpro
- Posts: 207
- Joined: Fri Aug 18, 2017 1:14 am
Re: Bitcoins are a waste of energy - literally
The kick out of this is what I was asking myself all the time how much all the Fiat Banking System including Swift uses energy. I never got to find a statistic. But I believe it is more ....
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hashingpro
- Posts: 207
- Joined: Fri Aug 18, 2017 1:14 am
Re: Bitcoins are a waste of energy - literally
Well best as I can tell, there are around 5000 FDIC insured banks in America.
Plus non-insured smaller ones and Credit Unions.
I wonder what it costs to pay electric to all those brick and mortar stores?
And pay all those employees, Oh and don't they have computer equipment also, and pay other people to run it for them.
I wonder in the long run which system would end up being cheaper.
Betting we still hog up a ton of power!
And more with each shipment of hardware sent out.
Plus non-insured smaller ones and Credit Unions.
I wonder what it costs to pay electric to all those brick and mortar stores?
And pay all those employees, Oh and don't they have computer equipment also, and pay other people to run it for them.
I wonder in the long run which system would end up being cheaper.
Betting we still hog up a ton of power!
And more with each shipment of hardware sent out.
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GregoryGHarding
- Posts: 646
- Joined: Sun Apr 16, 2017 3:01 pm
Re: Bitcoins are a waste of energy - literally
where is John Quiggin now? looks like that was his last article in his profile at ABC.. FIRED lol
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Admissionq5432
- Posts: 1
- Joined: Mon Oct 23, 2017 2:37 am
Re: Bitcoins are a waste of energy - literally
But as of its worth to have some bitcoins with us.................................................
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St.Joseph's College of Business Administration In Bangalore Sir M Visvesvaraya Institute of Technology bangalore REVA [CENSORED] Bangalore New Horizon College of Engineering bangalore MVJ College of Engineering bangalore MS Ramaiah Institute of Management Bangalore Mount Carmel Institute of Management Bangalore Jss Academy Of Technical Education bangalore International Institute of Business Studies bangalore Institute of Finance and International Management Bangalore
Institute of Business Management and Technology Bangalore Indus Business Academy Bangalore Don Bosco Institute of Management Bangalore DayanandaSagar College of Engineering bangalore Dayananda Sagar Business Academy bangalore BMS Institute Of Technology Bangalore Bangalore Institute of Management Studies Bangalore Amity Global business School Bangalore AIMS INSTITUTES Bangalore Adarsh Business School Bangalore ACHARYA BANGALORE B-SCHOOL BANGALORE