economy   69643

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Bitcoin estimated to use half a percent of the world's electric energy by end of 2018
„[Alex de Vries] estimates, based in economics, put the minimum current usage of the Bitcoin network at 2.55 gigawatts, which means it uses almost as much electricity as Ireland. A single transaction uses as much electricity as an average household in the Netherlands uses in a month. By the end of this year, he predicts the network could be using as much as 7.7 gigawatts--as much as Austria and half of a percent of the world's total consumption. 'To me, half a percent is already quite shocking. It's an extreme difference compared to the regular financial system, and this increasing electricity demand is definitely not going to help us reach our climate goals,' he says.“

Link: https://www.eurekalert.org/pub_releases/2018-05/cp-bet051018.php
Paper: https://www.cell.com/joule/fulltext/S2542-4351(18)30177-6
nct  ncpin  Bitcoins  Economy  Climate  Environment 
2 days ago by walt74
The Moral Revolution America Needs
Poor people of all races are shifting the national conversation on poverty and race from "right vs. left" to "right vs. wrong."
humanrights  economy 
2 days ago by bullfrogfilms
Silence Surrounds Overdose Death at Berghain - SPIEGEL ONLINE
During an around-the-world trip last summer, a couple from California visited Berlin's legendary Berghain techno club. A few hours later, one of them was dead. Even today, no one seems willing to accept responsibility for the tragedy.
berlin  economy  drugs  entertainment  party  death 
2 days ago by soobrosa
Why Are Millions of Prime-Age Men Missing From the Economy? - The Atlantic
Millions of men in the prime of their lives are missing from the labor force. Could a big U.S. housing construction project bring them back?
us  work  job  economy  male 
2 days ago by soobrosa
Dollar Street
$29
India
$179
Thailand
$578
Russia
statistics  economy  data  dollar 
3 days ago by apolaine
Oeconomicae et pecuniariae quaestiones.
Considerations for an ethical discernment on certain aspects of the current economic-financial system (6 January 2018)
catholic  church_document  economy  ethics  discernment 
3 days ago by michaelmillerjr

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