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10 sats \ 1 reply \ @SatsCats 30 Nov 2023 \ on: New Study Shows One Bitcoin Transaction Equals One Swimming Pool Full Of Water bitcoin
Just seen the same article on BBC, saying that all we need is a simple change hahahahahahahahahahahahahaha
"All of these machines combined are generating 500 quintillion guesses every second of the day, non stop - that is 500 with 18 zeros behind it.
This method is known as "proof of work". But a change to the way Bitcoin works could cut the electricity use and hence water consumption dramatically.
The major cryptocurrency Ethereum did this in Sep 2022, moving to a system called "proof of stake", reducing its power-use by more than 99% in the process."
Journalists are intimidated by large numbers
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