About That Sensationalist Bitcoin Electrical Consumption Story    

written by Tyler Durden. added 8 months ago by @icyflame ARCHIVES

bitcoin sensationalism electricity electricity-consumption    

And so, um, bitcoin mining is a threat to the planet because it consumes less than 1% of all the electricity squandered by appliances and devices on stand-by? If we want to stop wasting so much energy, perhaps we should start by mandating near-zero stand-by power consumption for the hundreds of millions of devices which are not in use that are nonetheless sucking up electricity every second of every day.

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