“Parity Hack Shows the Ethereum Ecosystem Is Flawed in Big Ways” – TheMerkle | $462.49

November 26, 2017 Ethereum Obituaries No Comments

“It is a powder keg waiting to explode at this point, and things only seem to be getting worse. “

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#Bitcoin's TWh usage results in a #CarbonFootprint of 34.73 MtCO2 (comparable to a country like Denmark) bitcoinenergyconsumption.comThe #carbon #footprint per unique transaction is 291.64 kgCO2 (equivalent to 729,092 VISA transactions) #MakeBitcoinSustainable

3:04 pm · September 19, 2019

Digiconomist

@DigiEconomist

The latest #Bitcoin Energy Consumption Index is 73.121 TWh per year (comparable to a country like Austria) bitcoinenergyconsumption.comThe #energy #footprint per unique transaction is 613 kWh (enough to power 1 U.S. household for 20.7 days) #MakeBitcoinSustainable

3:04 pm · September 19, 2019

Digiconomist

@DigiEconomist

On top of that it's probably going to be ineffective at achieving it's core purpose anyway. It's supposed to counter the centralizing effects of PoW, but you're not changing electricity rates or economies of scale with a software update.

3:04 pm · September 19, 2019 ·

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Digiconomist

@DigiEconomist

#Bitcoin #EWaste Generation is at 11.318 kilotonnes per year (comparable to a country like Luxembourg) bitcoinelectronicwaste.comA footprint of 94.9 grams per unique transaction (equal to the weight of 1.5 'C'-size batteries or 2.1 golf balls) #MakeBitcoinSustainable

2:19 pm · September 19, 2019

Aviv Zohar

@Avivz78

Our paper on Hijacking Routes in Payment Channel Networks: arxiv.org/pdf/1909.06890…tl;dr: in today's #LightningNetwork it's not too hard to grab a large fraction of the payments (and deny service).With @SaarTochner & @schmiste78 cc @ct_univie @CseHuji @HUJICyberLaw

2:02 pm · September 19, 2019 ·

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Digiconomist

@DigiEconomist

ProgPoW is supposed to be anti-ASIC (specialised mining hardware). By moving to ProgPoW, the #Ethereum community would be responsible for prematurely wasting a generation of non-repurposable devices. It's a "net negative" for the environment.

1:09 pm · September 19, 2019 ·

Retweeted by Digiconomist

Digiconomist

@DigiEconomist

5:43 pm · September 18, 2019

Digiconomist

@DigiEconomist

5:43 pm · September 18, 2019

Digiconomist

@DigiEconomist

The #energy footprint for one #Bitcoin transaction (616 KWh) equates to: -1 US household 21 days (DE: 64, CN: 173)#CarbonFootprint per TX: 293 KG -729,866 VISA transactions -48,658 hours of watching Youtube#Ewaste per TX: 94 gramsbitcoinenergyconsumption.com

4:54 pm · September 18, 2019

Digiconomist

@DigiEconomist

The latest #Ethereum Energy Consumption Index is 7.522 TWh per Year/0.7 Mil US households (+0.28%) ethereumenergyconsumption.com29.2 KWh per unique transaction (powers 1 US household for 1 days) #MakeEthereumSustainable

4:36 pm · September 18, 2019

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