this post was submitted on 04 Dec 2023
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Technology

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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 1 year ago by throws_lemy@lemmy.nz to c/technology@beehaw.org
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[–] EinfachUnersetzlich@lemm.ee 2 points 1 year ago* (last edited 1 year ago) (1 children)

Yeah, at current electricity prices where I live that would be just under £300,000 per transaction. Doesn't seem right.

Edit: as pointed out, I was out by a factor of 100. Electricity costs 40p per kWh here.

[–] GenderNeutralBro@lemmy.sdf.org 4 points 1 year ago (1 children)

You sure you have the magnitude right on that? From a quick search, I think it should only be about £200 in e.g. London, with similar prices in big cities across the US. I thought those were relatively high prices to begin with.

[–] EinfachUnersetzlich@lemm.ee 1 points 1 year ago

You're right. It was late.