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@digiconomist@mastodon.nl Follow 15,989 14,206

Exposing the Unintended Consequences of Digital Trends. @digiconomist@mastodon.nl

Retweet on Twitter @digiconomist@mastodon.nl Retweeted

; @digiconomist@mastodon.nl @DigiEconomist ·

2 Feb 1621168847855443970

The carbon footprint of NFTs on Ethereum wasn’t looking great before The Merge, but it was nothing compared to the latest hype: on-chain Bitcoin NFTs.

Yesterday Bitcoin mining company Luxor mined the largest block ever, containing almost exactly 4MB of data (the size limit) 1/2

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; @digiconomist@mastodon.nl @DigiEconomist ·

3 Feb 1621469660876083202

Depending on where you live this is enough carbon emissions to match or even exceed the lifetime carbon footprint of a single person (global average is 4 metric tons of CO2 per person per year), but it’s the footprint of a single JPEG. https://twitter.com/digieconomist/status/1621168856143216644

@digiconomist@mastodon.nl @DigiEconomist

Only 63 transactions could fit into the block, as the NFT used up the rest of the available space

The carbon footprint of this NFT? Around 888 metric tons of CO2, equivalent to the per passenger carbon footprint of taking a flight from New York to Tokyo and back - 466 times. 2/2

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24h 1621570938578821120

At this point Bitcoin is only one small step away from becoming the world’s most environmentally destructive server hosting illegal explicit content.

14 years of “innovation” is certainly paying off 👏

Bitcoin Ordinals creator looks for fix after first instance of shock porn

A rather unsavory image made it to the front page of the Ordinals website for 30 minutes before it was hidden, however, the image itself is immutable.

cointelegraph.com

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; @digiconomist@mastodon.nl @DigiEconomist ·

24h 1621570938578821120

At this point Bitcoin is only one small step away from becoming the world’s most environmentally destructive server hosting illegal explicit content.

14 years of “innovation” is certainly paying off 👏

Bitcoin Ordinals creator looks for fix after first instance of shock porn

A rather unsavory image made it to the front page of the Ordinals website for 30 minutes before it was hidden, however, the image itself is immutable.

cointelegraph.com

Reply on Twitter 1621570938578821120 Retweet on Twitter 1621570938578821120 1 Like on Twitter 1621570938578821120 20 Twitter 1621570938578821120

; @digiconomist@mastodon.nl @DigiEconomist ·

3 Feb 1621469660876083202

Depending on where you live this is enough carbon emissions to match or even exceed the lifetime carbon footprint of a single person (global average is 4 metric tons of CO2 per person per year), but it’s the footprint of a single JPEG.

@digiconomist@mastodon.nl @DigiEconomist

Only 63 transactions could fit into the block, as the NFT used up the rest of the available space

The carbon footprint of this NFT? Around 888 metric tons of CO2, equivalent to the per passenger carbon footprint of taking a flight from New York to Tokyo and back - 466 times. 2/2

Reply on Twitter 1621469660876083202 Retweet on Twitter 1621469660876083202 9 Like on Twitter 1621469660876083202 16 Twitter 1621469660876083202

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; @digiconomist@mastodon.nl @DigiEconomist ·

2 Feb 1621242541302579201

Or the carbon footprint of an average U.S. household over a period of 23 years.

A new record-breaking NFT carbon footprint is likely to appear soon, as the overall power demand of the Bitcoin network has been on the rise along with the price recently...

The Latest Hype in NFTs is a Climate Disaster: On-Chain Bitcoin NFTs - Digiconomist

Whomever thought NFTs on Ethereum were alarming is about to get shocked by the latest trend in the NFT world: on-chain Bitcoin NFTs.

digiconomist.net

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