Is that they guy that kept running around taunting people by calling them "poor"?
Sadly, I feel like that could describe several people involved in crypto, but yes he was that guy.
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The Delhi police have announced the formation of a crack team dedicated to nabbing the elusive 'Monkey Man' and offered a reward for his -- or its -- capture.
in what sense? both are digital systems used to authenticate and transfer things, they are identical
In the sense that visa is a payment system, and ethereum is a distributed computing network. Numerous payment systems exist on ethereum, as do automated exchanges and other financial services, alongside many other things like games, artwork, blogs, voting tools and other stuff. It's just not comparable to visa at all. It's like comparing visa with AWS. They're just different kinds of things.
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"If stupidity got us into this mess, then why can't it get us out?"
In the sense that visa is a payment system, and ethereum is a distributed computing network. Numerous payment systems exist on ethereum, as do automated exchanges and other financial services, alongside many other things like games, artwork, blogs, voting tools and other stuff. It's just not comparable to visa at all. It's like comparing visa with AWS. They're just different kinds of things.
ok then let's compare ethereum with AWS which uses around 7 0r 8 Gwatts to function, that's at best a small cities power, not a meaningful percentage of the world's total power use for something we have happily functioned without that is scrambling desperately to find a reason for its existence beyond pump and dump scams.
ok then let's compare ethereum with AWS which uses around 7 0r 8 Gwatts to function, that's at best a small cities power, not a meaningful percentage of the world's total power use for something we have happily functioned without that is scrambling desperately to find a reason for its existence beyond pump and dump scams.
Where are you getting that figure from? 8 gigawatts for AWS? From what I understand single data centers use more than that. Annually?
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"If stupidity got us into this mess, then why can't it get us out?"
They are reporting that their solar and winds farms that produce 1.6 gw are now meeting 40% of their power requirements
Here's an article from Science that indicates as of 2018 global data center energy consumption was 205 twh. Here's another article from 2020 from the IEA suggesting that data transmission networks use 200 twh annually.
It seems fairly suspect to me that by far the largest cloud services provider globally makes up 30% of the cloud services provided and yet only uses 0.004% of the energy consumption of the lowest of these three figures. It's also not like Amazon has a great reputation for being transparent about it's energy usage either. Do you really consider that credible? It seems to me something is likely mistaken or misrepresented.
Anyways, the ethereum network after the merge should apparently be running at around 0.1 twh annualized based on the data of the ethereum energy consumption index. That would make the energy consumption of the eth network 0.048% of data center energy consumption, or 0.05% of data transmission networks energy consumption.
Edit: Reread the part about YouTube energy consumption and had misread it, so edited that stuff out for accuracy.
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"If stupidity got us into this mess, then why can't it get us out?"
Here's an article from Science that indicates as of 2018 global data center energy consumption was 205 twh. Here's another article from 2020 from the IEA suggesting that data transmission networks use 200 twh annually.
It seems fairly suspect to me that by far the largest cloud services provider globally makes up 30% of the cloud services provided and yet only uses 0.004% of the energy consumption of the lowest of these three figures. It's also not like Amazon has a great reputation for being transparent about it's energy usage either. Do you really consider that credible? It seems to me something is likely mistaken or misrepresented.
Anyways, the ethereum network after the merge should apparently be running at around 0.1 twh annualized based on the data of the ethereum energy consumption index. That would make the energy consumption of the eth network 0.048% of data center energy consumption, or 0.05% of data transmission networks energy consumption.
Edit: Reread the part about YouTube energy consumption and had misread it, so edited that stuff out for accuracy.
205 TWH is 23GW of power. So the service provider representing 30% of the market using about 8GW makes sense. GW is a measure of energy / second. TWH is just a measure of energy. So divide TWH/365/24 to get TWH/H which gets you back to J/s.
Last edited by GGG; 09-18-2022 at 01:23 PM.
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205 TWH is 23GW of power. So the service provider representing 30% of the market using about 8GW makes sense. GW is a measure of energy / second. TWH is just a measure of energy. So divide TWH/365/24 to get TWH/H which gets you back to J/s.
Okay. That makes more sense. Thanks. Energy/electrical consumption is clearly not my area of expertise.
So AWS would be using around 71 TWH annually. Is that right? And if eth is actually using 0.01 TWH annually after the merge, based on the updated figures, that would suggest the ethereum network is now only consuming 0.014% of the energy that AWS is consuming in a year.
Haha, all of this still seems off to me somewhere. Like, if after a 99.95% reduction via the merge eth is currently using 0.01 TWH annually, then it would have previously been at 2 TWH annually. If the claim that ethereum accounted for 0.2% of global energy consumption before the merge, then global energy consumption would be somewhere around 1000 TWH per year, and AWS at 71 TWH would account for around 7.1% of global energy consumption. Does that seem right? I honestly don't have enough expertise in the area to judge if that seems reasonable or not. I suppose it seems plausible to me, if not a bit surprising, but I would also not be surprised if I made another mistake in there somewhere.
Edit: Ha, yeah, was off by a factor of 10 in pre-merge consumption by eth. Should have have been 20 TWH annually pre-merge, and global energy consumption at 10,000 TWH annually, making AWS's consumption 0.7%. I think...
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"If stupidity got us into this mess, then why can't it get us out?"
AWS is the largest cloud company in the world and helps keep about every large online service going from Netflix to Disney+ to Samsung, etc.
Etherium does whatever it does - but in terms of energy use - you'd hope AWS would use about a quadrillion times more energy given its output vs Etherium.
AWS is the largest cloud company in the world and helps keep about every large online service going from Netflix to Disney+ to Samsung, etc.
Etherium does whatever it does - but in terms of energy use - you'd hope AWS would use about a quadrillion times more energy given its output vs Etherium.
Yeah, AWS should use much more than ethereum, and AWS does use more than 7,000 times the amount of energy if the above figures are right. And AWS is a business, whereas ethereum is like the infrastructure itself, so it's not totally unreasonable to compare its energy use to data centers and/or data transmission networks together, which use 20, 000+ times the energy of eth if looking at just data centers, or 40,000+ times the energy for the combination.
In any event, whatever energy consumption level a person thinks is reasonable for the value provided, the reduction in energy use is a great thing. Ethereum still has a long way to go to become broadly useful and adopted for common business and personal use, but whether or not it gets there the reduced energy use is better for the world. It's not the energy consumption monster it once was, and with carbon offsets exploration of its potential can be done in a pretty environmentally friendly way. That's pretty good news.
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"If stupidity got us into this mess, then why can't it get us out?"
This starts today. First few days won't require a web3 wallet so that people can have some time to sort that stuff out. May interest people who want to understand web3 better.
Kim Kardashian agreed to pay more than $1 million to settle SEC charges for failing to disclose a payment she received for touting a crypto asset on Instagram.
She also agreed not to promo crypto assets for three years, and will cooperate with an ongoing investigation.
Kardashian has already felt regulatory heat over her EthereumMax promo, which she posted on Instagram in June of last year. She started the post by asking her approximately 250 million Instagram followers, “ARE YOU INTO CRYPTO??? THIS IS NOT FINANCIAL ADVICE BUT SHARING WHAT MY FRIENDS JUST TOLD ME ABOUT THE ETHEREUM MAX TOKEN.”
Investors sued her, former NBA star Paul Pierce and superstar boxer Floyd Mayweather Jr. earlier this year over their promos for EthereumMax, accusing them of artificially inflating the value of the asset.
Her failure to disclose the payment was a violation of federal securities laws, the SEC said. She agreed to pay $260,000, which includes the payment she received, plus interest, in addition to the $1 million penalty, the agency added.
“Congress passed a law many decades ago called the Securities Act, and it was to protect the public,” Gensler told CNBC’s “Squawk Box” on Monday morning. “Part of that law said that if you tout a stock you have to disclose if you’re getting paid.”
Kim Kardashian agreed to pay more than $1 million to settle SEC charges for failing to disclose a payment she received for touting a crypto asset on Instagram.
She also agreed not to promo crypto assets for three years, and will cooperate with an ongoing investigation.
Kardashian has already felt regulatory heat over her EthereumMax promo, which she posted on Instagram in June of last year. She started the post by asking her approximately 250 million Instagram followers, “ARE YOU INTO CRYPTO??? THIS IS NOT FINANCIAL ADVICE BUT SHARING WHAT MY FRIENDS JUST TOLD ME ABOUT THE ETHEREUM MAX TOKEN.”
Investors sued her, former NBA star Paul Pierce and superstar boxer Floyd Mayweather Jr. earlier this year over their promos for EthereumMax, accusing them of artificially inflating the value of the asset.
Her failure to disclose the payment was a violation of federal securities laws, the SEC said. She agreed to pay $260,000, which includes the payment she received, plus interest, in addition to the $1 million penalty, the agency added.
“Congress passed a law many decades ago called the Securities Act, and it was to protect the public,” Gensler told CNBC’s “Squawk Box” on Monday morning. “Part of that law said that if you tout a stock you have to disclose if you’re getting paid.”
EDIT:
The world is broken.
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Quote:
Originally Posted by Poe969
It's the Law of E=NG. If there was an Edmonton on Mars, it would stink like Uranus.
Interesting crypto discussion for a hockey forum on fan tokens in pro sports. Not something I know much about, but I wonder if we'll see this in the NHL at some point.
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"If stupidity got us into this mess, then why can't it get us out?"
NBA tried this and it failed spectacularly. Not going to listen to a full hour of this, are there any worthwhile takeaways that this guy is doing differently than the previous round of NFT's? Because they went from hero to zero pretty quick.
