Each Bitcoin transaction uses 4,200 gallons of water — enough to fill a swimming pool — and could potentially cause freshwater shortages

Lee Duna · 1 year ago

Each Bitcoin transaction uses 4,200 gallons of water — enough to fill a swimming pool — and could potentially cause freshwater shortages

@EinfachUnersetzlich@lemm.ee · edit-2 1 year ago

Yeah, at current electricity prices where I live that would be just under £300,000 per transaction. Doesn’t seem right.

Edit: as pointed out, I was out by a factor of 100. Electricity costs 40p per kWh here.

@GenderNeutralBro@lemmy.sdf.org · 1 year ago

You sure you have the magnitude right on that? From a quick search, I think it should only be about £200 in e.g. London, with similar prices in big cities across the US. I thought those were relatively high prices to begin with.

@EinfachUnersetzlich@lemm.ee · 1 year ago

You’re right. It was late.