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  1. #1
    Player
    Alaray's Avatar
    Join Date
    Aug 2013
    Location
    Gridania
    Posts
    624
    Character
    Vevri Arctyria
    World
    Balmung
    Main Class
    Red Mage Lv 100
    Quote Originally Posted by technole View Post
    Crypto uses like 10% of the power that banking industry uses, although each transaction uses more energy than a Visa card swipe because of capita of resources so it's almost a hard argument to make.
    Bitcoin, alone, utilizes more energy than Finland annually.
    (6)

  2. #2
    Player
    technole's Avatar
    Join Date
    Jun 2014
    Location
    Gridania
    Posts
    1,971
    Character
    Thea Sitori
    World
    Gilgamesh
    Main Class
    Scholar Lv 72
    Quote Originally Posted by Alaray View Post
    Bitcoin, alone, utilizes more energy than Finland annually.
    For context, only 5.5 million live in Finland. Population is similar to say Sydney, Australia.

    It's not going away ever, many livelihoods even in Africa live on the currency because of it's low fees and fast turnaround compared to currency exchange costs. People can make up their own minds but the facts are facts. The number needs to be way higher than 39% running on renewable energy, it's just not sustainable at this rate long-term.
    (0)