Here we are using recycled bags, banning straws, putting explosive refrigerant in fridges and using led lights in everything, all in the name of the environment, while at the same time in some datacenter they are burning kwh’s by the bucket loads generating pictures of cats in space suits.
That’s, #1, fashion and not about environment, #2, fashion promoted because it’s cheaper for the industry.
And yes, power saved somewhere will just be spent elsewhere. Cheaper. Cause that means reduced demand for power (or grown not as fast as otherwise).
Knock_Knock_Lemmy_In@lemmy.world 1 week ago
Don’t thrown all crypto under the bus. Only bitcoin and other proof of work protocols are power hungry. 2nd and 3rd generation crypto use mostly proof of stake and ZKrollups for security. Much more energy efficient.
bob_lemon@feddit.org 1 week ago
Sure, but despite all the crypto bros assurances to the contrary, the only real-world applications for it is buying drugs, paying ransoms and getting scammed. Which means that any non-zero amount of energy is too much energy.
Knock_Knock_Lemmy_In@lemmy.world 1 week ago
There are some use cases below, and none use proof of work.
hbr.org/…/how-walmart-canada-uses-blockchain-to-s…
alastria.io/en/renewable-energy-certification/
prnewswire.com/…/south-american-airline-adopts-tr…
Polderviking@feddit.nl 1 week ago
I’m aware of this, but it still mostly just something for people speculate on. Something people buy, sit on, and then hopefully sell with a profit.
Bitcoin was supposed to be a decentralized money alternative, but the amount of people actually buying things with crypto are highly negligible.
And honestly even if was actually used for that the power consumption would still be something to discuss.
Knock_Knock_Lemmy_In@lemmy.world 1 week ago
Yes, most people buy, sit on, and then hopefully sell with a profit.
However, there are a large number of devs building useful things (supply chain, money transfer, digital identity). Most as good as, but not yet better than incumbent solutions.
My main challenge is the energy misconception. The ethereum network runs on the energy equivalent of a single wind turbine.
null@slrpnk.net 1 week ago
Yeah, but at that point you’d have to consider it against how much power the traditional banking system uses.