Beyond the pale? Beyond the pale to discuss Bitcoin energy usage. Some bitcoin people never cease to amaze me.
On top of that, the answer for all of the above is effectively zero compared to Bitcoin.
https://www.thebalance.com/how-much-power-does-the-bitcoin-n...
And I think that's part of the issue - a number of people aren't appreciating exactly how incredibly wasteful Bitcoin mining is.
> the bitcoin network in 2020 consumes 120 gigawatts (GW) per second.
GW / s. (/year, I suppose, since it's just 2020. But FFS. Edit: no, GW / s / year is GW, but that's still not… really? right? I mean, maybe it's an average of the energy consumption rate over the year, and so on average, in 2020, it was consuming 120GW?)
If there was some legit discussion in it, that would be fine. There utterly is none.
> “ Unlike other economic activities, the bitcoin scheme produces absolutely nothing for all this waste. It is a pure speculative activity of people gambling on the random movements of prices and the only output is simply shuffling numbers around in a computer at insane cost.”
That is nothing but complete grandstanding decoupled from reality. It deserves to be criticized with pejorative language because Stephen’s comments are so wildly extreme, inflammatory, and totally disconnected from facts or reality. It meets the literal definition of a rambling screed and needs to be called out as such.