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RE: Samsung and mining hardware mass production

in #vincentb7 years ago (edited)

we are already wasting an insane amount of electricity mining, and now people are glad people are making it worse? What's wrong with you?

"One Bitcoin Transaction Now Uses as Much Energy as Your House in a Week"

https://motherboard.vice.com/en_us/article/ywbbpm/bitcoin-mining-electricity-consumption-ethereum-energy-climate-change

Mass adoption of something like bitcoin will literally fuck humanity over in the name of profit.

One of the biggest problems of capitalism is that even if people realise this, literally anybody else who wants profit will fuck us over without us being able to do anything about it.

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I completely agree that Bitcoin can not be the future! But their are many other promising projects out their who try to cut down on the electricity costs and transfercosts as well! Blockchain will be the future but it has to be used efficiently!