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by TeMPOraL
2954 days ago
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> Sure, maybe a small portion of the banking system's energy can be curtailed with green tech, but what about the 24 hour ATM, the light posts at the banks, the AC units in each branch, the massive skyscrapers in which all of the banks corporate offices operate? and the energy required to build all of that infrastructure? The point is, that waste is all upkeep. Something the system tries to minimize, as it bleeds money through it. If ATMs can be made more efficient, the system saves money. In Bitcoin, OTOH, waste is not upkeep but a feature, which the system tries to maximize. |
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How exactly the system is trying to maximize waste?
In fact, miners did more progress on efficiency in terms of pure hashrate/watt with a million time improvement in past 10 years, than banking industry ever.
It is demand, that is driving the energy usage, not the system on its own. I agree with the person above, that it is basically justified by increasing consumption of the service.