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by dontknowwhyihn 1282 days ago
If only there were some way to issue digital “tokens” in situations like this..
2 comments

one bitcoin transaction consumes 1,449 kWh, or about as much as 50 days of power for the average US household
>one bitcoin transaction consumes 1,449 kWh

Thank you, I knew it was an energy hog, but had never looked at it this way.

That's enough electricity to melt 2 tons of aluminum, or about half an hour of peak production from an average size US wind turbine.

Bitcoin is not the only digital token technology. Ethereum consumes a fraction of the energy Bitcoin consumes.
Right Ethereum is really lucky to have Bitcoin around to make it look good. It (very recently) cut it's energy usage by ~99.84% yet one ETH transaction is still 50x the amount of energy as a MasterCard transaction
Thanks for clarifying. This seems to be a better picture of reality compared to your previous comment.
You mean stocks?