this post was submitted on 11 Nov 2024
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Mildly Infuriating

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Yes, believable, from all the payment methods available, Greenpeace would choose the most fucking inefficient one, that wastes 700 kWh for a single transaction, that's 100 households!

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[–] PlantDadManGuy 0 points 1 week ago (5 children)

You have no idea what you're talking about, or else you're intentionally misleading people. Transferring Bitcoin in a single transaction takes nowhere near as much power as mining it. Yes, BTC is stupid and terrible for the environment, but you don't need to lie about the stats.

[–] hitwright 7 points 1 week ago (2 children)

https://www.forbes.com/advisor/investing/cryptocurrency/bitcoins-energy-usage-explained/

I mean by somewhat more up to date news it seems like he is correct. Bitcoin is wildly inefficient and basically non scaling.

[–] PlantDadManGuy 1 points 6 days ago (1 children)

He is wildly incorrect because he phrased it in an intentionally deceitful manner. It does not require 700 kilowatt hours of energy to transfer one Bitcoin one time. The verbiage quote "single transaction", is the entire problem with OPs post.

[–] hitwright 1 points 5 days ago

I understand lightning network exists to somewhat reduce intermediate transactions. But the actual transaction to be written into the blockchain a lot of energy must be used to calculate the hash. Still difficult to follow you on how the number is wrong, mate.

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