thisischemistry t1_iz9oqsd wrote
Reply to comment by Remarkable-Hall-9478 in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
You know what saves even more? No crypto.
ItsAConspiracy t1_iz9oyas wrote
No reddit would save a lot more than Ethereum's remaining energy usage, but here you are.
TomSwirly t1_izalm7n wrote
> No reddit would save a lot more than Ethereum's remaining energy usage,
It would be nice to occasionally get a citation for some of these claims made by cryptopeople...
ItsAConspiracy t1_izaox6h wrote
For Ethereum's energy usage, there's a peer-reviewed [paper](https://www.cell.com/patterns/fulltext/S2666-3899(22)00265-3) linked right from the article OP posted. It puts Ethereum's worst-case power demand at 675 kW, and best-case only 36 kW.
I haven't been able to track down how much Reddit's datacenter uses, but I'm guessing it's more than that. Reddit is one of the world's largest sites, and some large datacenters use more than 100 MW.
thisischemistry t1_iz9p4vj wrote
I agree, let’s stop entirely.
Practical-Mix-4332 t1_iz9wcwu wrote
u/thisischemistry’s last post ever
contact t1_iz9xr25 wrote
Not holding my breath, but one can wish.
kidicarus89 t1_iz9zda0 wrote
I’d get so much more done!
sushisection t1_izc6lcg wrote
thats cool and all, until the economy collapses and you try to pull money out of the bank and the bank says "sorry, no more access to your money".
its a very entitled and privileged perspective to think that nobody should have access to a decentralized, global currency to store some of their wealth in case their country's economy takes a downturn. or in case their nation's leader starts a war and the world sanctions the central bank, locking millions of people out of their money like what happened to russia.
thisischemistry t1_izc858v wrote
You do realize that you don't need crypto for that purpose, right? In fact, crypto is a very bad asset to hold in that manner because its value is so unstable. You're much better off holding on to some durable goods that have value even when society collapses rather than a few bits of data which can collapse right along with society.
prodoosh t1_izd4y4j wrote
But I don’t get interest or the ability to take a loan against the gold in my house.
thisischemistry t1_izd5rdt wrote
You get those with crypto?
[deleted] t1_izeuij0 wrote
[removed]
prodoosh t1_izd4v6l wrote
Not actually true. A crypto based financial system run properly would use less energy than our current centralized financial system.
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