The recent hypes (crypto and "AI") both have immense ecological impact. When using these tools one needs to be aware of the cost: For crypto that means to just kill it, for "AI" it means to be very conscious of the massive impact of testing and building these things.
(Title: AI and crypto mining are driving up data centers’ energy use) https://www.theverge.com/2024/1/24/24049047/data-center-ai-crypto-bitcoin-mining-electricity-report-iea
#pollution, #capitalism, #exploitation & #overconsumption of resources...in fact, by refusing to follow the #Ethereum smarter method, #Bitcoin, the most well-known of these #cryptocurrencies for rich people, proves its only reason for being is to destroy the #planet.
@Ronial you're overlooking the people participating in Bitcoin because they see it as providing such value and reason that they're willing to trade significantly larger amounts of energy to trade for it.
Those folks--and there are a ton of them--certainly find reason for being outside of destroying the planet.
I certainly don't care of what rich people think to be important as they just think about money & themselves and they're destroying people & earth in a multitude of ways. But I speak about the product in itself : when you know there's a better way to do things for the same result & that you don't do it, it's that this refusal is part of it & this lack of concern is part of you. & there's not only the energy, there's all the unnecessary equipment it requests. Capitalism at its worst.
@Ronial rich people?
I don't know a single rich person participating in Bitcoin. I think they probably have better things to do with their time. Lounging by the pool or whatever.
The people I know participating in Bitcoin are the ones who don't have it all, who can use the system to scrape by a little better.
It seems there ISN'T a better way to do things, or else people would be doing that other thing.
Bitcoin simply provides more value to its users, or else they wouldn't use it.
I spoke about those having Bitcoins, the ones using it, trading. And yes, the "proof of stake" method is IMO a better concept than relying on polluting the world and capitalizing on its resources.
@Ronial I suspect most people running server farms are already informed enough that I don't need to tell them how the system works.
Bitcoin can run on a RaspberryPi and a solar panel. It doesn't require that much power.
You could set it up today if you wanted to.
It's not an inoffensive logical puzzle. It's just a sensational story being sold despite being factually wrong.
"proof of stake" method did drop the CO2 emissions by 99.992 % in comparison with the Bitcoin model. Factually. It's the multiplication of that kind of equipment it requests. You can't isolate one among all to say it doesn't harm.
@volkris
Tell it to the farm of servers used to make it run. Yes it's its concept : relying on amounts of money & exploitation of resources. Not a inoffensive logical puzzle. It's capitalism bullshit against smart evolution.