Thursday, 17 May 2018

Bitcoin’s energy use got studied, and you libertarian nerds look even worse than usual

quote [ Bitcoin is on track to consume 0.5 percent of the world's electricity by end of the year. ]

Why did I buy all those led light bulbs for my house?
[SFW] [science & technology] [+10 WTF]
[by snagUber@6:12pmGMT]

Comments

mechanical contrivance said @ 8:29pm GMT on 17th May [Score:4]
I wonder how much electricity high speed trading consumes.
midden said[1] @ 2:47am GMT on 18th May
A good question. However, as I understand it, simply transmitting information from one location to another takes many orders of magnitude less energy than the hardcore entropy busting involved in bitcoin mining. And the algorithms involved in trading are far less energy dissipating.
steele said @ 4:05am GMT on 18th May [Score:1 Interesting]
lol, I wouldn't be so sure.

High-Frequency Trading - MATLAB & Simulink

High-performance parallel computing using GPUs, clusters, grids, and clouds
cb361 said @ 6:29pm GMT on 17th May [Score:2 Funny]
That's bad. Fortunately there's an ad on the same page for a different cryptocurrency for me to invest in. Phew!
Hugh E. said @ 9:15pm GMT on 17th May [Score:1 Insightful]
The central argument of this post is flawed: It is not possible to make libertarians look worse.
Ankylosaur said @ 7:39pm GMT on 17th May
All we need to do is build a Dyson sphere around our sun to harvest all its energy for bitcoin mining and this won't be a problem. Type II civilizations know you gotta hodl.

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