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A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

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Each Bitcoin transaction uses 4,200 gallons of water — enough to fill a swimming pool — and could potentially cause freshwater shortages (www.tomshardware.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

Yeah, at current electricity prices where I live that would be just under £300,000 per transaction. Doesn't seem right.

Edit: as pointed out, I was out by a factor of 100. Electricity costs 40p per kWh here.

[–] [email protected] 4 points 1 year ago (1 children)

You sure you have the magnitude right on that? From a quick search, I think it should only be about £200 in e.g. London, with similar prices in big cities across the US. I thought those were relatively high prices to begin with.

[–] [email protected] 1 points 1 year ago

You're right. It was late.