Comment on Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption

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zergtoshi@lemmy.world ⁨9⁩ ⁨months⁩ ago

Shall I add the mountain of electronic waste to the list?
I mean, Bitcoin mining devices can literally do nothing else but calculate SHA256.
Once they can no longer be operated economically, they’re garbage.
At least Ethereum’s PoW ran on GPUs, which can be used for, let’s say: gaming!
And Ethereum showed that a transition from PoW to PoS is possible.
I think that Bitcoin sparked a great idea, but way better implementations of that idea are available. Bitcoin has a massive network effect and first mover advantage. technology wise it’s no longer on top of the list.

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