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(The Register)   Bitcoin requires no energy to mine, according to well known genius Jack Dorsey   (theregister.com) divider line
    More: Followup, United States Environmental Protection Agency, Hard disk drive, Flash memory, Clean Water Act, Air pollution, Fossil fuel, last month, US lawmakers  
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1000 clicks; posted to STEM » and Business » on 03 May 2022 at 11:04 PM (20 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-05-03 11:06:02 PM  
Explain gas.
 
2022-05-03 11:13:54 PM  

SafetyThird: Explain gas.


There has been too much violence. Too much pain. But I have an honorable compromise. Just walk away. Give me your pump, the oil, the gasoline, and the whole compound, and I'll spare your lives. Just walk away and we'll give you a safe passageway in the wastelands. Just walk away and there will be an end to the horror.
 
2022-05-03 11:21:57 PM  
Ethereum, for one, is planning to move to fully proof-of-stake approach, which is more energy efficient.

And I'm planning to have a three-way with $HOTCHICK1 and $HOTCHICK2.  Let's see who wins.
 
2022-05-03 11:22:13 PM  
Bitcoin doesn't cost anything if you use leverite.
 
2022-05-03 11:35:52 PM  
I'm sure they will be completely convinced
 
2022-05-03 11:39:38 PM  

SafetyThird: Explain gas.


The Campfire - Blazing Saddles (5/10) Movie CLIP (1974) HD
Youtube VPIP9KXdmO0
 
2022-05-03 11:53:08 PM  
Is there a group of people quite as deluded as crypto bros
 
2022-05-03 11:57:31 PM  

Gubbo: Is there a group of people quite as deluded as crypto bros


QAnon?
 
2022-05-04 12:03:47 AM  

scanman61: Gubbo: Is there a group of people quite as deluded as crypto bros

QAnon?


Qanon can be all things to all people.

Crypto is a "real" thing, and yet still the biggest fans are delusional about it
 
2022-05-04 12:12:21 AM  
He's technically correct that the mining itself doesn't produce any carbon emissions. If I wanted to rent a warehouse and fill it full of electric space heaters sitting in front of air conditioners, would I not have the same right to do so as any other industry? As long as I pay my power bills, what business is it of yours how stupid my activities might happen to be?
 
2022-05-04 12:19:28 AM  
This is why I only purchase free-range Icelandic bitcoin, farmed with geothermal energy and cooled by ambient air.
 
2022-05-04 12:54:47 AM  

wingnut396: SafetyThird: Explain gas.

There has been too much violence. Too much pain. But I have an honorable compromise. Just walk away. Give me your pump, the oil, the gasoline, and the whole compound, and I'll spare your lives. Just walk away and we'll give you a safe passageway in the wastelands. Just walk away and there will be an end to the horror.


You sound like a reasonable man.
 
2022-05-04 1:10:36 AM  
Yeah and my 125 watt (250 watt before Tau expires) and 320 watt GPU run games on pure f'n magic.  Maybe magnets
 
2022-05-04 1:21:29 AM  
Man it's like the uberwealthiest around the world see that this is a perfect time to compete for Majestic Royal Farking Fibbing C*nt Of The Galaxy and they're all gunning for that coveted trophy.
 
2022-05-04 1:27:16 AM  

wingnut396: SafetyThird: Explain gas.

There has been too much violence. Too much pain. But I have an honorable compromise. Just walk away. Give me your pump, the oil, the gasoline, and the whole compound, and I'll spare your lives. Just walk away and we'll give you a safe passageway in the wastelands. Just walk away and there will be an end to the horror.


well played...

also i watched again a few weeks ago and goddamnit feral kid at accelerated frame rate always makes me belly laugh because it's so ridiculous

Fark user imageView Full Size


/yet the rest of the accelerated frame rate effects are just racing so i'm like ok whatevs
 
2022-05-04 1:41:24 AM  

Gubbo: Is there a group of people quite as deluded as crypto bros


A lot of them are aware that it's a bigger idiot scheme. They know someone is going to be left holding the bag, and don't give a crap as long as there's the possibility of fleecing real money from someone else. They can't seem to perceive though that they could be the final idiot.

The true believers, well they're just dumb.
 
2022-05-04 1:41:52 AM  
On the bright side, we'll have net-positive fusion reactor designs deployed before Ethereum goes proof-of-stake. At that point, it's mainly a waste heat problem.
 
2022-05-04 1:52:18 AM  
And boy, I really love the "you just don't get it" argument in all its many flavors. It's like I've had my eyes held open as all the reasons for GPU shortages and accompanying scalping going back to before AMD ate ATI.

Folks were shouting from the rooftops about the ASIC miners that would save us from those while others shouted about how their mining process is ASIC-proof to maintain an "even" playing field.

And boy, if you'd just read the whitepaper, you'd understand. In many cases I did, and I can still summarize every one of the tokens of the day as "doing things the unnecessarily computationally and monetarily expensive way when a cheap, normal way already exists."
 
2022-05-04 2:03:56 AM  

Gubbo: Is there a group of people quite as deluded as crypto bros


People who buy toys and leaved them sealed in the package as an investment item.
 
2022-05-04 2:08:32 AM  
A bitcoin mining power plant secretly set up shop in Alberta. Now it's being forced to shut down | CBC News

'Up to 1 million' bitcoin processors could be relocated to Alberta from China under energy firm's proposal | CBC News

Bitcoin mining in Alberta and the AUC's application process - AUC:

Like all power plants in Alberta, companies cannot construct or operate without approval from the AUC, unless they fall within an applicable exemption. The AUC's Rule 007: Applications for Power Plants, Substations, Transmission Lines, Industrial System Designations, Hydro Developments and Gas Utility Pipelines, sets out application requirements and exemption criteria for power plants.
The rule details the information required for each application category such as a participant involvement program, technical information on the proposed facility and potential environmental impacts. It ultimately provides an outline and guidance that companies must consider for preparation of an application, an overview of our eFiling System, and the AUC's process for reviewing and deeming an application complete. Specific guidance on whether a power plant meets the criteria for exemption from AUC approval is available on the AUC's Proposing a power plant application page.

New Agreement Tax Implications to Relocate Bitcoin Miners (taxlawcanada.com)

As a result of China's recent crackdown on bitcoin mining, in July 2021, Black Rock Petroleum Company, a Nevada corporation, announced that it entered into an agreement with Optimum Mining Host Limited Liability Co. to relocate up to one million Bitcoin miners from China to Alberta, Canada. They agreed to deploy these miners across three natural gas producing sites in Alberta. The first 200,000 units will be relocated to the Quick Creek Gas plant, operated by Caledonian Midstream Corporation. Experts estimate that this agreement could represent up to 1/3 of global bitcoin mining capacity.
 
2022-05-04 2:10:35 AM  

Ivo Shandor: He's technically correct that the mining itself doesn't produce any carbon emissions. If I wanted to rent a warehouse and fill it full of electric space heaters sitting in front of air conditioners, would I not have the same right to do so as any other industry? As long as I pay my power bills, what business is it of yours how stupid my activities might happen to be?


He is not technically correct, since BitCoin miners purposefully contracted for natural gas power generation in Alberta, per the articles I link just above. He is incorrect in all ways that correctness can be tested.
 
2022-05-04 2:16:52 AM  

Bennie Crabtree: Experts estimate that this agreement could represent up to 1/3 of global bitcoin mining capacity.


Decentralized!
 
2022-05-04 2:17:48 AM  

Gubbo: Is there a group of people quite as deluded as crypto bros


Anyone in these threads. You're zooming around in your gas-powered cars, eating beef willy nilly, and buying cheap goods produced a world away and shipped in giant ships that burn mountains of coal and lakes of diesel.

If IKEA stopped selling hotdogs tomorrow we could offset BTC. Pretending to be worried that Bitcoin is such an environmental problem is like worrying that Tootsie Rolls are a giant contributor to obesity.
 
2022-05-04 3:28:03 AM  

Likwit: Gubbo: Is there a group of people quite as deluded as crypto bros

Anyone in these threads. You're zooming around in your gas-powered cars, eating beef willy nilly, and buying cheap goods produced a world away and shipped in giant ships that burn mountains of coal and lakes of diesel.

If IKEA stopped selling hotdogs tomorrow we could offset BTC. Pretending to be worried that Bitcoin is such an environmental problem is like worrying that Tootsie Rolls are a giant contributor to obesity.


Petrol powered cars aren't really emissions producers. They're only doing so because petrol companies aren't producing a clean, 100% combustable and efficient alternative.

And eating beef isn't producing emissions either, it's just that companies aren't producing perfect lab grown beef economically.
 
2022-05-04 3:48:53 AM  

dyhchong: And eating beef isn't producing emissions either, it's just that companies aren't producing perfect lab grown beef economically.


Eating beans, on the other hand ...
 
2022-05-04 3:58:11 AM  

dyhchong: Likwit: Gubbo: Is there a group of people quite as deluded as crypto bros

Anyone in these threads. You're zooming around in your gas-powered cars, eating beef willy nilly, and buying cheap goods produced a world away and shipped in giant ships that burn mountains of coal and lakes of diesel.

If IKEA stopped selling hotdogs tomorrow we could offset BTC. Pretending to be worried that Bitcoin is such an environmental problem is like worrying that Tootsie Rolls are a giant contributor to obesity.

Petrol powered cars aren't really emissions producers. They're only doing so because petrol companies aren't producing a clean, 100% combustable and efficient alternative.

And eating beef isn't producing emissions either, it's just that companies aren't producing perfect lab grown beef economically.


I'm not defending what Jack Dorsey said, I'm pimping the people who rush to these threads to talk about the environmental impacts of Bitcoin while gleefully participating in much worse and equally optional activities.
 
2022-05-04 4:06:27 AM  

Likwit: I'm not defending what Jack Dorsey said, I'm pimping the people who rush to these threads to talk about the environmental impacts of Bitcoin while gleefully participating in much worse and equally optional activities.


Shruggie, I read your post and it sounded like bandwagoning facetiously so I rolled with it. For me it wasn't really a response to you but more an "in joke" as a fake argument building upon your ideas.

Now I don't really agree with you but don't really care enough to argue my thoughts so I'll just pretend this post didn't happen and skip gaily into the sunset...or the other room. Adopted a new cat yesterday:
scontent.fakl2-1.fna.fbcdn.netView Full Size


She's lovely but nervous. But she used her litterbox today which is a huge win because for its RRP I was expecting it would at least polish the cat's anus and maybe give boy cats a reacharound but all it does is scoop the poo away automatically and that's apparently worth $250 and $30 a fortnight for replacement litter trays.
 
2022-05-04 4:07:48 AM  
The room now smells like cat shiat, the litterbox promised me odour control.
 
2022-05-04 4:23:28 AM  

dyhchong: The room now smells like cat shiat, the litterbox promised me odour control.


I greatly dislike cats, but have fun with that 👍
 
2022-05-04 4:25:05 AM  

Likwit: dyhchong: The room now smells like cat shiat, the litterbox promised me odour control.

I greatly dislike cats, but have fun with that 👍


Adopting an adult cat is basically forcing upon it Stockholm Syndrome.
 
2022-05-04 5:13:29 AM  
I thought he was no longer living.

Fark user imageView Full Size
 
2022-05-04 5:24:49 AM  
"Dorsey" means 'the guy who ran over me with a vehicle' in Hebrew. Just wanted to put it out there, unrelated to the article. Or is it?
 
2022-05-04 6:44:22 AM  
Time to roll the FUD dice.

Fark user imageView Full Size
 
2022-05-04 6:57:43 AM  
A techbro endorses the latest techbro scheme? Same doo-doo, different pile.
 
2022-05-04 7:16:09 AM  

Likwit: Pretending to be worried that Bitcoin is such an environmental problem is like worrying that Tootsie Rolls are a giant contributor to obesity.


Bitcoin mining consumes around 91 terawatt-hours of electricity annually. That's almost 0.5% of all electricity consumption worldwide..

Thats a BIT more than tootsie roll, maybe closer to Coca-colas contribution.
 
2022-05-04 7:36:44 AM  

Olympic Trolling Judge: Ethereum, for one, is planning to move to fully proof-of-stake approach, which is more energy efficient.

And I'm planning to have a three-way with $HOTCHICK1 and $HOTCHICK2.  Let's see who wins.


ETH is going to proof of stake in 6 months for the last 5 years.
 
2022-05-04 8:02:05 AM  

MindStalker: Likwit: Pretending to be worried that Bitcoin is such an environmental problem is like worrying that Tootsie Rolls are a giant contributor to obesity.

Bitcoin mining consumes around 91 terawatt-hours of electricity annually. That's almost 0.5% of all electricity consumption worldwide..

Thats a BIT more than tootsie roll, maybe closer to Coca-colas contribution.


There's a reason people always jump to the electricity. It sounds really bad. Again, it's about the same carbon footprint as IKEA hot dogs. I'd consider that equally frivolous. It's perfectly fine to think about, but silly to single out.
 
2022-05-04 8:05:30 AM  
People react violently to the idea of BTC not being that bad because they can't accept that their own frivolities have a footprint. Bitcoin is something not a lot of Farkers are involved with, it's kinda stupid, and that makes it fun to shiat on. As a bonus, you seem like a good person for being on the green side of an argument. But it's kind of stupid if you think about it for more than two seconds.
 
2022-05-04 8:15:04 AM  

Likwit: Gubbo: Is there a group of people quite as deluded as crypto bros

Anyone in these threads. You're zooming around in your gas-powered cars, eating beef willy nilly, and buying cheap goods produced a world away and shipped in giant ships that burn mountains of coal and lakes of diesel.

If IKEA stopped selling hotdogs tomorrow we could offset BTC. Pretending to be worried that Bitcoin is such an environmental problem is like worrying that Tootsie Rolls are a giant contributor to obesity.


Uh..no.

It's using a lot more electricity than that. It's using an amount equal to all the electricity in the country that IKEA came from, plus a few others.
More than 100 terawatt hours.
 
2022-05-04 9:02:23 AM  

Likwit: I'm not defending what Jack Dorsey said, I'm pimping the people who rush to these threads to talk about the environmental impacts of Bitcoin while gleefully participating in much worse and equally optional activities.


Nothing you said applies to me, though.
 
2022-05-04 9:04:07 AM  
How do I convert watts to IKEA hot dogs?
 
2022-05-04 9:05:58 AM  

Rapmaster2000: How do I convert watts to IKEA hot dogs?


It's about 3 Rhode Islands per hogshead.
 
2022-05-04 9:20:21 AM  

Olympic Trolling Judge: Rapmaster2000: How do I convert watts to IKEA hot dogs?

It's about 3 Rhode Islands per hogshead.


Invalid due to the horsemeat content of said 'hot dogs'.
 
2022-05-04 9:58:05 AM  

Animatronik: Likwit: Gubbo: Is there a group of people quite as deluded as crypto bros

Anyone in these threads. You're zooming around in your gas-powered cars, eating beef willy nilly, and buying cheap goods produced a world away and shipped in giant ships that burn mountains of coal and lakes of diesel.

If IKEA stopped selling hotdogs tomorrow we could offset BTC. Pretending to be worried that Bitcoin is such an environmental problem is like worrying that Tootsie Rolls are a giant contributor to obesity.

Uh..no.

It's using a lot more electricity than that. It's using an amount equal to all the electricity in the country that IKEA came from, plus a few others.
More than 100 terawatt hours.


Carbon footprint.

Energy is more than just electricity from the grid.
 
2022-05-04 10:06:07 AM  

Likwit: Carbon footprint.

Energy is more than just electricity from the grid.


Okay, you wanna talk about the cost of manufacturing those digital pog machines?  The materials that go into them, the shipping, the disposal when they become obsolete after five seconds?  You really wanna go down that road?
 
2022-05-04 10:12:37 AM  
Pfft, big deal.  It's not like governments have ever taken an interest in specific energy use cases.  If that were true, there would be all sorts of rules and regulations on things as silly as washing machines and computer power supplies.

Besides, I see you all complaining about energy use, yet you all are still participating in society by using energy.  Such hypocrisy!

Anyhow, HawkCoin 2.0 is coming out soon.  It will be be eco-powered utilising the latest in squirrel consumption technology.
 
2022-05-04 10:39:22 AM  

Olympic Trolling Judge: Likwit: Carbon footprint.

Energy is more than just electricity from the grid.

Okay, you wanna talk about the cost of manufacturing those digital pog machines?  The materials that go into them, the shipping, the disposal when they become obsolete after five seconds?  You really wanna go down that road?


Sure. The comparison is hot dogs. I I'm naive it's not favorable.

Why are you upset?
 
2022-05-04 10:40:04 AM  
Lol. Autocorrect owned me on that. I'll take the L.

I'm not sure it's favorable***
 
2022-05-04 11:22:29 AM  

Rapmaster2000: How do I convert watts to IKEA hot dogs?


I did the math based on some available numbers. IKEA sells over 100 million hotdogs annually, globally. They have two types, the regular mechanically separated kind, and the veggie dogs. Forbes estimates that the equivalent carbon emissions for both types is meat at 6.38 kgCO2eq/kg and the veggie 1.02 kgCO2eq/kg (Brehaut, 2018)

If we work with the meat one only, and use what Google thinks the average mass of a hotdog is, we get a total carbon impact of ~29 million kgCO2.

Bitcoin, on its own in 2019 was estimated to produce about 22 million kgCO2(Reuters, 2021)
 
2022-05-04 11:48:48 AM  

dyhchong: She's lovely but nervous. But she used her litterbox today which is a huge win because for its RRP I was expecting it would at least polish the cat's anus and maybe give boy cats a reacharound but all it does is scoop the poo away automatically and that's apparently worth $250 and $30 a fortnight for replacement litter trays.


So, you're saying you have to remove the lipstick yourself?
 
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