Michael Long
Aug 4, 2024

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Unfortunately, crypto is also being normalized by US financial trading houses like Fidelity, which lets you buy, sell, and trade it.

Why? The money, of course. The "house" makes money when you buy. When you sell. And when you trade.

Regardless, one other drawback lies in the vast amounts of electricity we're wasting "mining" imaginary numbers.

EIA preliminary estimates suggest that annual electricity use from cryptocurrency mining probably represents from 0.6% to 2.3% of U.S. electricity consumption.

Eliminate crypto, and you'd have a major emissions cut immediately.

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Michael Long
Michael Long

Written by Michael Long

I write about Apple, Swift, and SwiftUI in particular, and technology in general. I'm also a Lead iOS Engineer at InRhythm, a modern digital consulting firm.

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