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Each Bitcoin transaction uses 4,200 gallons of water — enough to fill a swimming pool — and could potentially cause freshwater shortages (www.tomshardware.com)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 11 months ago* (last edited 11 months ago) (1 children)

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.

[–] [email protected] 4 points 11 months ago (1 children)

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.

[–] [email protected] 1 points 11 months ago

You're right. It was late.