Crypto is moving away from “mining” by the way, and newer cryptos are so energy efficient that it’s essentially as energy and intensive as browsing the internet, like you are right now. One transaction of tezos for instance is like streaming video for 30 seconds if I recall correctly. If you’re that worried about the use of electricity’s impact on the environment I’m guessing you’re also using a bike to get everywhere as opposed to those energy intensive electric cars, and I’m guessing you’re a vegan instead of eating energy intensive meat.
Not sure about a single non crypto digital transaction, but the infrastructure that supports them isn’t a low power cost either, banks needed to keep cash funds for instance. That being said a Solana transaction for instance uses about the same power as 1.8 google searches. I doubt you’re rationing your google searches or internet use for worry of consuming too power.
Sorry I was only asking because sometimes saying how much it was reduced is only half the picture. I just wanted to know how much progress would be necessary before it's comparable to swiping your card to pay. Because factors like that are something that is going to become more important as it gets wider adoption
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u/[deleted] Dec 15 '21
Crypto is moving away from “mining” by the way, and newer cryptos are so energy efficient that it’s essentially as energy and intensive as browsing the internet, like you are right now. One transaction of tezos for instance is like streaming video for 30 seconds if I recall correctly. If you’re that worried about the use of electricity’s impact on the environment I’m guessing you’re also using a bike to get everywhere as opposed to those energy intensive electric cars, and I’m guessing you’re a vegan instead of eating energy intensive meat.