this post was submitted on 03 Dec 2023
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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 throws_lemy@lemmy.nz to c/technology@lemmy.world
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[–] supert@lemmy.sdfeu.org 1 points 11 months ago (1 children)

Mining is validation through POW. Eth is almost pointless from the point of view of bitcoin as proof of stake is "who has the gold makes the rules".

[–] fruitycoder@sh.itjust.works 1 points 10 months ago

PoW is inherently unavailable while also a system of dimmishing returns. PoS is bad IMHO too, but from a sociopolitical aspect and not from tech standpoint.