norden.social is one of the many independent Mastodon servers you can use to participate in the fediverse.
Moin! Dies ist die Mastodon-Instanz für Nordlichter, Schnacker und alles dazwischen. Folge dem Leuchtturm.

Administered by:

Server stats:

3.4K
active users

#bitcoins

0 posts0 participants0 posts today

Ouch, cryptoinvestors? The moore they rise...?
"As part of the experimental regime, it is possible to use #bitcoins, which we had mined here in Russia (in foreign trade transactions)," Siluanov told Russia 24 television channel.
"Such transactions are already occurring. We believe they should be expanded and developed further. I am confident this will happen next year" #cryptocurrency
reuters.com/markets/currencies

From 2022: #Bitcoin Mining: How Much Electricity It Takes and Why People Are Worried

#Crypto consumes a ton of power to keep things running.

Oscar Gonzalez
July 18, 2022 2:08 p.m. PT

"Bitcoin mining uses around as much energy as #Argentina, according to the Bitcoin Energy Consumption Index, and at that annualized level of 131.26 terawatt-hours, crypto mining would be in the top 30 of countries based on #EnergyConsumption"

"As the energy bill for crypto mining rises, so does the amount of #carbon and waste, adding to the growing #ClimateCrisis.

"Here's what you need to know about crypto mining and its energy uses.

"What is crypto mining?

"When bitcoins are traded, computers across the globe race to complete a computation that creates a 64-digit hexadecimal number, or hash, for that bitcoin. This hash goes into a public ledger so anyone can confirm that the transaction for that particular bitcoin happened. The computer that solves the computation first gets a reward of 6.2 bitcoins, or about $134,000 at current prices.

"Other cryptocurrencies and #NFTs use similar mining technologies, contributing to the overall energy usage.
What is a crypto mining rig?

"It's a barebones computer with multiple graphics cards, or GPUs, instead of the single-card standard, and it does the work to complete a computation. Rigs usually use powerful GPUs from Nvidia and AMD to handle calculations and require high-wattage power supplies. The popularity of mining led to a shortage of graphics cards, which in turn caused their values to rise.
A crypto mining farm, in shades of green and blue, in Nadvoitsy, Russia.

A crypto mining farm in Nadvoitsy, Russia. Getty Images
Why is crypto mining so energy-intensive?

For starters, graphics cards on mining rigs work 24 hours a day. That takes up a lot more power than browsing the internet. A rig with three GPUs can consume 1,000 watts of power or more when it's running, the equivalent of having a medium-size window AC unit turned on.

"Crypto mining businesses can have hundreds or even thousands of rigs in one location. A mining center in #Kazakhstan is equipped to run 50,000 mining rigs, and another mining farm in #China has a monthly electricity bill of more than $1 million as it mines 750 #bitcoins a month.

Not only do rigs take up power, they also generate heat. The more rigs you have, the hotter it gets. If you don't want your rigs to melt, you need some cooling. Many mining rigs have multiple built-in computer fans. But if you have multiple rigs, the room quickly gets hot, requiring external cooling. Small operations, like those run by individuals, can get by with a typical standing fan. Mining centers, however, need a lot more cooling, which in turn requires even more electricity."

Read more:
cnet.com/personal-finance/cryp

CNETBitcoin Mining: How Much Electricity It Takes and Why People Are WorriedCrypto consumes a ton of power to keep things running.

Nur, dass niemand sagen kann, ich hätte Euch nicht gewarnt:
"FREUNDE, DAS GEHT IN DIE HOSE!"

#Digitalwährung - Alle #Bitcoins erstmals mehr wert als die weltweiten Silber-Bestände

Die Digitalwährung Bitcoin hat mit ihrem Gesamtwert laut Analysten erstmals die Bewertung aller weltweit bekannten Silber-Bestände überschritten.

deutschlandfunk.de/alle-bitcoi

Die NachrichtenDigitalwährung - Alle Bitcoins erstmals mehr wert als die weltweiten Silber-BeständeDie Digitalwährung Bitcoin hat mit ihrem Gesamtwert laut Analysten erstmals die Bewertung aller weltweit bekannten Silber-Bestände überschritten.