Posted 11/30/2023, 8:03:00 PM
Bitcoin's Water Usage Per Transaction Questioned After New Claims
- Alex De Vries claims Bitcoin network uses over 16,000 liters of water per transaction, enough to fill a small swimming pool
- De Vries has previously criticized Bitcoin's electricity usage, claiming it matches world power consumption (predictions proven inaccurate)
- De Vries argues combination of miner cooling systems and water usage for miner energy sources causes massive water consumption
- Validity of calculating energy cost per bitcoin transaction criticized as having little relevance without context
- De Vries' latest claims met with criticism from Daniel Batten of methane removal startup, who says De Vries has history of inaccurate predictions