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Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption (www.tomshardware.com)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 53 points 9 months ago* (last edited 9 months ago) (45 children)

Crypto isn't a currency, it's a commodity for trading. One that doesn't physically exist. No inherent use and no inherent value.

[–] [email protected] 5 points 9 months ago* (last edited 9 months ago) (6 children)

You literally just defined the attributes of a currency. ~~The only difference is that crypto isn't backed by a government.~~

Edited. See below. Apparently some crypto is government backed. There is no functional difference between traditional currency and (at least some) crypto.

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