Bitcoin mining guzzles energy – and its carbon footprint just keeps growing (wired.com) 18 points by cgopalan 8y ago ↗ HN
[–] [dead] KODeKarnage 8y ago ↗ Maybe we need a crypto-currency that has inbuilt carbon offset purchases?
[–] tonteldoos 8y ago ↗ How does the carbon footprint for x amount of Bitcoin (in, say, $ terms), compare with the carbon footprint of both printing and maintaining a similar amount of traditional currency? [–] i_v 8y ago ↗ Not to mention losses due to counterfeiting and outright destruction. [–] hndamien 8y ago ↗ And transportation. [–] malloryerik 8y ago ↗ Only three to eight percent of fiat currency is held in cash. [–] tonteldoos 8y ago ↗ True, but that's still a substantial amount of physical stuff that needs to be made and maintained... [–] kbody 8y ago ↗ Also I wonder how it compares to the carbon footprint of the mining industry of gold.
[–] i_v 8y ago ↗ Not to mention losses due to counterfeiting and outright destruction. [–] hndamien 8y ago ↗ And transportation.
[–] malloryerik 8y ago ↗ Only three to eight percent of fiat currency is held in cash. [–] tonteldoos 8y ago ↗ True, but that's still a substantial amount of physical stuff that needs to be made and maintained...
[–] tonteldoos 8y ago ↗ True, but that's still a substantial amount of physical stuff that needs to be made and maintained...
[–] kbody 8y ago ↗ Also I wonder how it compares to the carbon footprint of the mining industry of gold.
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