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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (11226)	5/2/2021 11:50:41 AM
From: Kirk ©	1 Recommendation Recommended By scrooge Respond to of 26689

Bill Gates Sounds Alarm On Bitcoin's Energy Consumption–Here's Why Crypto Is Bad For Climate Change forbes.com Mar 9, 2021,02:01pm EST KEY FACTS "Bitcoin uses more electricity per transaction than any other method known to mankind,” Gates told the New York Times in a recent interview, calling himself a "bitcoin skeptic," and adding that "it’s not a great climate thing.” To Gates' point, Alex de Vries, a data scientist at the Dutch Central Bank, estimates that each bitcoin transaction requires an average 300 kg of carbon dioxide (CO2)–equivalent to the carbon footprint produced by roughly 750,000 Visa swipes. and SURPRISING FACTA single bitcoin transaction uses roughly 707.6 kilowatt-hours of electrical energy–equivalent to the power consumed by an average U.S. household over 24 days, according to Digiconomist. On a yearly basis, bitcoin consumes more energy than all but 38 countries, falling in line with countries like Finland, Chile and Austria.