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Author Topic: cryptocurrency  (Read 1250 times)

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Vigo

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Re: cryptocurrency
« Reply #40 on: January 10, 2018, 03:12:56 pm »
Each and every bitcoin transaction uses 300 kWh of electricity

Not exactly correct, that should read "every bitcoin mined"

Not claiming to be an expert, I'm going off the article I linked in my post, which said every transaction. I assumed that meant that it requires all online computers to process every transaction occurring in order to maintain the decentralized network.

No matter what, the article goes on to state there are 350,000 transactions per day, meaning that every day enough power is consumed by bitcoin to power an arcade machine for a staggering 35 thousand years.

Now the article could be full of ---steaming pile of meadow muffin---, but even if numbers are half of that, it still is pretty mind blowing.

dkersten

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Re: cryptocurrency
« Reply #41 on: January 10, 2018, 05:48:50 pm »
I bet if you read every article that talks about how much electricity is used for this or that and added it all up it would be 100 times the amount of actual electricity used, lol.  No question running my computer as a mining rig or to compute transactions burns more than if it is just idle, but it is still on and running other things even if it is not actually actively crunching numbers.

It is pretty interesting how much power it takes though... Good thing it is generating more income than the electricity is costing so that it can continue to contribute to the GDP of the world.  There may not be some physical good created by it, but it still has an approximate GDP of around 15 billion.  That's 15 billion that feeds people or could be used to research more efficient computing or is being put to good use funding green companies, right? 

I wonder how much electricity is being used for other "@home" type distributed computing projects... ?  I mean, just because you are folding or searching for extra terrestrial life or contributing to some medical research doesn't mean you aren't wasting power too.  I mean, those things don't put food on the table and they still convert fossil fuels into heat and co2, so why aren't there any articles on how much those projects are melting the polar bears.


leapinlew

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Re: cryptocurrency
« Reply #42 on: January 10, 2018, 07:25:53 pm »
I wonder how much electricity is being used for other "@home" type distributed computing projects... ?  I mean, just because you are folding or searching for extra terrestrial life or contributing to some medical research doesn't mean you aren't wasting power too.  I mean, those things don't put food on the table and they still convert fossil fuels into heat and co2, so why aren't there any articles on how much those projects are melting the polar bears.

You aren't really asking that are you? lol. It's because the end goal of those tasks aren't monetary in nature. Bitcoins reason for existing is as currency. Well, it was currency, now it's for short term speculation.


pixel

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Re: cryptocurrency
« Reply #43 on: January 10, 2018, 07:46:57 pm »
I bet if you read every article that talks about how much electricity is used for this or that and added it all up it would be 100 times the amount of actual electricity used, lol.  No question running my computer as a mining rig or to compute transactions burns more than if it is just idle, but it is still on and running other things even if it is not actually actively crunching numbers.

It is pretty interesting how much power it takes though... Good thing it is generating more income than the electricity is costing so that it can continue to contribute to the GDP of the world.  There may not be some physical good created by it, but it still has an approximate GDP of around 15 billion.  That's 15 billion that feeds people or could be used to research more efficient computing or is being put to good use funding green companies, right? 

I wonder how much electricity is being used for other "@home" type distributed computing projects... ?  I mean, just because you are folding or searching for extra terrestrial life or contributing to some medical research doesn't mean you aren't wasting power too.  I mean, those things don't put food on the table and they still convert fossil fuels into heat and co2, so why aren't there any articles on how much those projects are melting the polar bears.

 Imagine how much Energy is being used to power  CERN,  on a regular basis.


 They changed  "Global Warming"  to  "Climate Change" ...  because there have been recordbreaking Cold... even Snowing in the Sahara Desert.

 There are people saying that the Sun in at a  "Grand Solar Minimum",  and that our Earths orbit wobbles in such a way...
that every nth amount of time... that wobble causes the tilt to be further away from the sun than typical.

 There are others claiming a Mini Ice Age on the Horizon.

 What is interesting... is that for many years now... a lot of shows were dedicated to survival shows.   
Next was the whole  "Beard  /  Facial Hair"  popularization.

 Somewhere in there... Robin Williams was speaking about an Ice Age coming,  and that nobody was going to tell the people...
and untold million were going to die.   I dont think it was that much longer after that... that he was found to have passed on to
the other side...

 A lot of people out there,  are also promoting survival gear, shelter kits, and even massive underground survival bunker communities,
that you rent / buy in advance.   Sort of like some kind of doomsday life-insurance policy.

 Finally...

 There is talk of a hidden planet that has a massive orbit in a different vector.   Planet X / Nirubu.   One wonders,  if such a massive body
getting too close to us... could cause our planets axis and or magnetic poles to shift.   One also wonders... if the combination of the axis / pole shift
and the speed of rotation slows... if gravity itself would become much lighter.    If that were the case... I wonder if that is one of the reasons why
Ancient civilizations were able to move extremely heavy objects... to form massive complex structures.. much more easily.

 Also heard... that the Earths rotation causes the Oceans in the center axis.. to bulge out... and that if the rotation slows too much, that water will
come crashing down... causing something like 100ft tall Tsunami waves...  as well as causing much of the lowest levels of earth... to be
completely drowned in deep waters... similar to something out of the Bible.

 Adding to this... a large heavenly body,  might be able to pull the Earths plates around... causing Earth Quakes,  Volcano's,  and massive
shifting of the land masses.

 Ohh,  almost forgot...

 Some think that the Chem-Trails are one of the ways the Govt. is trying to hide what will be coming into view soon.


 All speculation,  of course.   Pattern matching.  Nothing more.   I dont have any firm stance / beliefs on the stuff...
but will say... that all combined... its very odd.


 Ugg - Remembers,  that there in like a square mile of UN vehicles in the middle of nowhere... doing nothing...
And that many Prison-like camps,  had started to be build when Bush was in power... and reports of them becoming
operational have been rolling in.

 One that same note..  certain Walmarts had been closing... and blamed it on plumbing issues... which turned out to be a lie...
and soon after,  there were reports of military like operations taking place in these areas.  A watchtower, razor wire fencing,
and Underground tunnels being reportedly dug... from contractors who leaked what they saw.


 One also wonders,  if  Trumps WALL,  is actually being designed as a way to protect the states from a flood Tsunami.
As realistically speaking,  it does not seem very practical.   Look at Area 51.  Get within Binocular distance... and you
are being greeted by some angry men, with pistols at the ready.  Thats not even considering things like
Drones / Armed Drones.


 Ok... I mean it now... last comment in this box:   Its funny how the Wealthiest people are pushing Global Warming and Carbon Taxes...
and yet,  they can get away with heating and cooling entire Mansions,  mowing acres of lawn, driving 2 mpg Supercars,  and taking
frequent private Jet rides..  often at your Tax Dollars expense.   All while getting off nearly or fully Tax Free..  while the poor are
forced to absorb the costs,  and deal with cutbacks.  bans,  and severe life inconveniences.   The Hypocrisy is beyond comprehension.

Malenko

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Re: cryptocurrency
« Reply #44 on: January 10, 2018, 07:53:20 pm »
I think your tinfoil hat might be on a little too tight.
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Vigo

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Re: cryptocurrency
« Reply #45 on: January 11, 2018, 10:15:30 am »
Somewhere in there... Robin Williams was speaking about an Ice Age coming,  and that nobody was going to tell the people...
and untold million were going to die.   I dont think it was that much longer after that... that he was found to have passed on to
the other side...

Trust me, there is always an Ice age coming....


yotsuya

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Re: cryptocurrency
« Reply #46 on: January 11, 2018, 10:43:11 am »
Aaaaaaaaand we’re back!
***Build what you dig, bro. Build what you dig.***

pbj

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Re: cryptocurrency
« Reply #47 on: January 11, 2018, 11:39:33 am »
Sometimes I feel like the only person in the world that actually reads the entire post...  :lol

yotsuya

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Re: cryptocurrency
« Reply #48 on: January 11, 2018, 11:47:52 am »
Sometimes I feel like the only person in the world that actually reads the entire post...  :lol

I did, too. Classic Steve. Keep on keepin’ on, bro.
***Build what you dig, bro. Build what you dig.***

dkersten

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Re: cryptocurrency
« Reply #49 on: January 11, 2018, 09:25:45 pm »
You aren't really asking that are you? lol. It's because the end goal of those tasks aren't monetary in nature.
That's what I thought - if the end goal is not just to make money, it can't hurt the environment.  Thanks for clearing that up.

TeutonicDarkness

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Re: cryptocurrency
« Reply #50 on: January 12, 2018, 12:22:15 am »
Hello,
 while I wont condone or endorse bitcoin one way or the other I will make a observation.
There is money to be made here if someone has the time patience. I don't want to get into great detail but I have
gave it a shot a few times in the past....
In each instance I would have just a few dollars worth of bitcoins because hey I'm not crazy and I'm defiantly not rich.
so on 2 different occasions I had very few bitcoins $10 - $25 dollars.
I would forget about it only to return a year or so later and find the value had increased.
I now had $100 + dollars.

I'm only providing insight do with this knowledge how you see fit  :dunno

Mr. Peabody

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Re: cryptocurrency
« Reply #51 on: January 14, 2018, 04:33:58 am »
@pixel: gravity has only to do with mass. Only in the case of black holes does rotation matter.


And, from Peter Diamandis' ABUNDANCE INSIDER JANUARY 12 EDITION:

One Stock Analyst's $10 Trillion Bull Case for Cryptocurrencies

What it is: Roughly $30 trillion are currently held offshore in gold and other long-term stores of value. RBC analyst Mitch Steves projects that cryptoassets such as bitcoin and ether could take as much as 33 percent of that market over the next 15 years, giving the cryptoasset market as a whole a $10 trillion value. This is a 13x expansion from today from one single use case.

Why it's important: Notice how Steves thinks about cryptoasset valuation. Currencies and coins have many use cases beyond stored value, but when you think about the use cases for ethereum (and ether coin), IOTA (for IoT transactions), or Factom (secure distributed storage), just to name a few, the market value of the entire asset class could well eclipse that number.
« Last Edit: January 14, 2018, 04:35:51 am by Mr. Peabody »

BadMouth

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Re: cryptocurrency
« Reply #52 on: January 14, 2018, 09:29:03 am »
Next was the whole  "Beard  /  Facial Hair"  popularization.

The cause for that is that the current crop of men coming up were raised to be weenies and are looking for some way to have a shred of masculinity without offending anyone.

A lot of people out there,  are also promoting survival gear, shelter kits, and even massive underground survival bunker communities,
that you rent / buy in advance.   Sort of like some kind of doomsday life-insurance policy.

This is because the society they know is breaking down and what comes next is uncertain.  Best to be prepared.  I can't say I disagree.
(discussion of why or who is responsible is for the P&R subforum, not here)

  There is talk of a hidden planet that has a massive orbit in a different vector.   Planet X / Nirubu.   One wonders,  if such a massive body
getting too close to us... could cause our planets axis and or magnetic poles to shift. 

I thought the timeframe for this had come and gone.

Some think that the Chem-Trails are one of the ways the Govt. is trying to hide what will be coming into view soon.

Everyone I've ever heard talk about chem trails was a nut job.  I remember one woman who was on Midnight in the Desert because years earlier she had experienced symptoms immediately after seeing a plane overhead spray something while she was hiking.  Did she do the logical thing and call the park service to ask if/what they were spraying?   Of course not because she did not want an explanation other than the one that confirmed her beliefs.  It is very common (at least where I've lived) to spray insecticide or herbicide to stop the spread of non-native invasive species like Gypsy Moths.  The insecticide they use probably does cause discomfort or worse if inhaled and misted into your eyes.  ...but noooo.  It had to be a mystery chemical meant to control the minds of the human population.

Quote
Ok... I mean it now... last comment in this box:   Its funny how the Wealthiest people are pushing Global Warming and Carbon Taxes...
...because they are going to run the cap and trade market, making windfall profits from comissions, fees, & administrative costs.
It's just a new way for sleazeballs to skim wealth from the people who actually provide physical things of value.

The only funny part is you never hear any politician talk about just passing a law to reduce carbon emissions.
For any law to get consideration it must profit their class peers. 




« Last Edit: January 14, 2018, 09:31:12 am by BadMouth »

  
 

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