I'm one DVI to micro-HDMI cable or adapter away from having two screens available to two computers. I got a 4-inch Ethernet cable, but I could use a 2nd one. The antivirus and Bitcoin client haven't happened but I do have email again.
Anyways, Elon Musk snagged 1.5 billion in Bitcoin. This episode of
2 The Future is stating the obvious for the most part, but they have some eye-opening statistics at
t=509 this is what they have to say:
Quote:
08:26 So back to bitcoin. How much energy does bitcoin now actually consume?
08:31 The media always writes how insanely bad bitcoin is for the environment.
08:35 Funny though, that they leave out how much worse gold mining is.
08:40 You now, this shiny yellow metal that everyone loves?
08:43 Strange that we never hear about the carbon emissions of gold mining.
08:47 Well, turns out, gold mining consumes more than 3x as much energy as bitcoin mining.
08:53 Worldwide bitcoin mining consumes about 60TWh of energy per year worldwide.
08:59 But gold mining? Almost 200 Twh/year, more than 3x as much.
09:07 Gaming consumes almost 80TWh/year.
09:11 Fiat currency printing and Christmas lights consume together about 20TWh/year.
09:16 So lots of things that aren't really necessary also consume a lot of energy.
09:21 But who is the winner, who consumes a lot more than everyone else?
09:26 That's right ladies and gentlemen, the good old BANKING SYSTEM!
09:30 They consume about 650TWh/year, a bit more than 10x the energy consumption of bitcoin.
09:40 Yes, the guys that devalue your money, that create rampant inflation, so that you can buy less stuff,
09:47 so that you must take loans from them and remain indebted to them forever, yes, the same awesome guys consume 10x more energy than bitcoin.
09:57 Funny, right? Funny that you don't read lots of news articles how bad the banking system is,
10:02 and how much energy the banking system consumes, right?
10:05 And how bad the banking system is for the environment, right?
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Later they get into using a mining rig as a
resistance heater. And mining driving down the price of solar, the way pot growers did in the 1980s.