Quote:
Originally Posted by Textcritic
Help me to understand this.
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NFTs use the same underlying technology as bitcoin: proof of work. Essentially: for any transaction to take place, someone else has to solve a math problem to validate it. Solving it takes a ton of computing power, which uses a ton of electricity. Current estimates are that bitcoin uses around 130 terawatt hours of electricity per year - more than Argentina, if bitcoin were a country.