U.S. Bitcoin Mining Consumed 50 Billion kWh of Energy in 2022 | Tom's Hardware (tomshardware.com)

Things are getting bad in the PC industry.

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On 5/5/2023 at 8:49 PM, G-RFRY said:

U.S. Bitcoin Mining Consumed 50 Billion kWh of Energy in 2022 | Tom's Hardware (tomshardware.com)

The cryptocurrency companies that use blockchain should be forced to pay for the ridiculous mining process.

This will only get worse as more people get into the game and use more and more computing power as the blockchain gets longer.  It is getting out of control.

Dave

24 minutes ago, dave2013 said:

The cryptocurrency companies that use blockchain should be forced to pay for the ridiculous mining process.

This will only get worse as more people get into the game and use more and more computing power as the blockchain gets longer.  It is getting out of control.

Dave

Thankfully no one is really entering the game at this point, especially with the failures of Silvergate and FTX and the freefall of the NFT market, Crypto at this point is mostly circulating within the same community of early adopters and not attracting significant new investment or adoption.

You could look at the PC industry and think prices falling at last, but they are planning big production cuts to stop that and could in the end push prices up.

Edited May 9, 20233 yr by G-RFRY