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As originally proposed blockchain technology was silly and it's only gotten sillier.

New study quantifies bitcoin's ludicrous energy consumption

A new study estimates that this process consumes at least 2.6GW of power--almost as much electric power as Ireland consumes. This figure could rise to 7.7GW before the end of 2018--accounting for almost half a percent of the world's electricity consumption.

The whole thing is predicated on every transaction on the network is sent to every node on the network meaning "Satoshi Nakamoto" - whoever she, he, or they are - lacked any awareness of Combinatorics.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Wed Sep 5th, 2018 at 04:03:43 PM EST
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