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  #1  
Old 10-29-18, 03:44 PM
Yappi Yappi is offline
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Bitcoin alone could push global temps over the 2C catastrophic threshold by 2034

Thought this was interesting...

Quote:
Whats causing the emissions explosion?

Bitcoin miners are the reason for the ugly energy report card. Bitcoin has no central bank. Its a peer-to-peer decentralized network for digital currency. Bitcoin purchases generate blocks of data. Its like a folder with a complicated math problem inside as the key. A miner is simply anyone who wants to join the Bitcoin network and owns powerful Bitcoin processing hardware necessary to support the software capable of solving the key and verifying the Bitcoin. This makes Bitcoin super hard to counterfeit. As compensation for providing this level of computationally intensive security, miners get a percentage of the Bitcoins they verify. But verification takes an enormous amount of energy and as Bitcoin gets more broadly adopted, the energy demands increase perilously. The current analysis suggests mining data for profit is even more destructive to the planet than mining the planet itself for profit.
Read more:
https://www.forbes.com/sites/andream.../#4bbf31af745e
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  #2  
Old 10-29-18, 04:03 PM
Zunardo Zunardo is offline
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There's a "Trading Places" meme in there, somewhere.
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  #3  
Old 10-29-18, 04:32 PM
Crusaders Crusaders is offline
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Forbes is going downhill
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  #4  
Old 10-29-18, 04:34 PM
Neopolitan Neopolitan is online now
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I thought we already passed the catastrophic threshold? These people need to make up their minds.
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  #5  
Old 10-29-18, 05:36 PM
Michael Bluth Michael Bluth is offline
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Many cryptos have transitioned to a "proof of stake" rather than "proof of work" algorithm, which eliminates the high energy costs of mining
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  #6  
Old 10-30-18, 08:30 AM
thavoice thavoice is offline
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YOu mean make more of the earth have a longer growing season, or now warm enough to even have one, to self sustain only to make it hotter in areas that are already barren and screwed?

Sign me up!
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  #7  
Old 10-30-18, 04:35 PM
EagleGuy EagleGuy is offline
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Quote:
Originally Posted by Michael Bluth View Post
Many cryptos have transitioned to a "proof of stake" rather than "proof of work" algorithm, which eliminates the high energy costs of mining
Good point. It needed to come about.
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  #8  
Old 10-30-18, 05:06 PM
OhioBobcatFan06 OhioBobcatFan06 is offline
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I'm going catch snow in Akron this winter and sell it to liberals in California as a temperature-offset for their bitcoin. Gonna make a killing.
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  #9  
Old 10-30-18, 06:07 PM
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eastside_purple eastside_purple is offline
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Quote:
Originally Posted by OhioBobcatFan06 View Post
I'm going catch snow in Akron this winter and sell it to liberals in California as a temperature-offset for their bitcoin. Gonna make a killing.
The only funny part about your post is you are in Akron.
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  #10  
Old 10-30-18, 06:29 PM
Neopolitan Neopolitan is online now
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If he hadn't gone all-on on his short position the right before an historic bull market, he wouldn't have to resort to nickle and dime schemes to pay rent in Akron.
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  #11  
Old 10-31-18, 08:46 AM
OhioBobcatFan06 OhioBobcatFan06 is offline
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Quote:
Originally Posted by Neopolitan View Post
If he hadn't gone all-on on his short position the right before an historic bull market, he wouldn't have to resort to nickle and dime schemes to pay rent in Akron.
i do not accept fiat currency like nickles and dimes to pay for my snow, i only accept bitcoin and gold
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