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1. lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Wednesday, 05-Apr-2023 13:15:08 EDT lnxw48a1
   Why didn't I see this at the time?
   
   #NASDAQ: #Bitcoin uses 50% less energy than most estimates, while traditional banking system uses almost 1000X as much
   
   https://nu.federati.net/url/290066 [www nasdaq com]
   
   #BTC #boil_the_oceans
   1. GeniusMusing (geniusmusing@nu.federati.net)'s status on Wednesday, 05-Apr-2023 14:30:24 EDT GeniusMusing

      in reply to
      @lnxw48a1
      OK.... maybe an actual number of users related to power usage would be helpful.
      
      I would almost be willing to bet there are more than 1000X users of the traditional banking system, probably more like 10kX-100kX or more users and on a per user basis the power usage is not that shocking.
      
      Like anything that is related to the number of user, be it a SocNet instance, the power demands grow with the user count.
      
      To me this is like comparing the power usage of FB/twitter/other big SocNet to the Fediverse.
      1. lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Wednesday, 05-Apr-2023 16:29:06 EDT lnxw48a1

         in reply to
         @geniusmusing To some degree, yes, more users would equal more power used. But that's sort of outside the extreme anti-cryptocurrency realm, where they claim #Bitcoin is #boiling_the_oceans today but have no such criticism for the traditional banking and financial system.