Two things to consider (Reply #3) - Democratic Underground

In the discussion thread: China's Energy Shortage Threatens Bitcoin Mining. Coal toxins& Bitcoin's enormous use of electricity [View all]

Response to Budi (Reply #2)

Mon Dec 28, 2020, 11:43 PM

StClone (11,275 posts)

3. Two things to consider

The actual computing power used for the extraction and the energy to keep the computer areas cool, as it generates heat, are the two major energy eaters.

BitCoin and its mining makes little sense to me but Wiki has a decent description. Like QAnon the originators are unknown.

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Replies to this discussion thread

3 replies	Author	Time	Post
China's Energy Shortage Threatens Bitcoin Mining. Coal toxins& Bitcoin's enormous use of electricity [View all]	Budi	Dec 2020	OP
I still don't understand bitcoin mining	exboyfil	Dec 2020	#1
I'd read quite awhile back, that bitcoin is simply another way of hiding & moving ill-gotten money	Budi	Dec 2020	#2
Two things to consider	StClone	Dec 2020	#3

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