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A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

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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] 1 points 11 months ago

the whole network could be run with a cleverly configured raspberry pi

Which would defeat the entire purpose of a distributed blockchain. I'm ribbing you, of course, on that ;-) Bitcoin was not built for efficiency and the very basis of distributed proof of work trades efficiency for security. The more "successful" it gets, the larger the incentive to waste power in a fight to win each block reward becomes - by design.