• Eager Eagle@lemmy.world
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    10 months ago

    Misleading title - the problem is not “crypto”, it’s pretty much all Bitcoin and the people against the change in the consensus mechanism. Out of the top 10 9 coins in market cap, Bitcoin is the only one using proof of work, which demands such high energy requirements.

    • SuckMyWang@lemmy.world
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      10 months ago

      Isn’t it strange no one gave a shit about this a year and a half ago when the price was lower? It appears everyone’s concern for the environment and energy consumption only increases when the price goes up. Interesting correlation or may be causation.

      • Nilz@sopuli.xyz
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        10 months ago

        Everyone already gave a shit about this a long time ago. It’s also one of the reasons Ethereum switched from proof of work to proof of stake.

        • SuckMyWang@lemmy.world
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          10 months ago

          Yes but only when the price was high did anyone care and ethereum switch. Barely a peep for the last 2 and a half years

      • fidodo@lemmy.world
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        10 months ago

        I’ve been hearing about the stupid amount of energy usage for years and years. You just created a straw man that isn’t based on reality.

        • SuckMyWang@lemmy.world
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          10 months ago

          I’ve been keeping a close eye on the news about crypto and there has been virtually no stories about any crypto for the last 2 years, prior to that when the price was high there were a lot of stories about it which is my point. They only started to come back into circulation about 6 months ago. If you remember otherwise you are wrong.