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A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

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Each Bitcoin transaction uses 4,200 gallons of water — enough to fill a swimming pool — and could potentially cause freshwater shortages (www.tomshardware.com)

submitted 11 months ago by throws_lemy@lemmy.nz to c/technology@beehaw.org

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[–] jarfil@beehaw.org 22 points 11 months ago

Because of these transactions, many countries, such as the United States, could face freshwater shortages if the currency becomes more widely adopted.

False.

Blocks get mined (secured) with the same amount of power no matter the number of transactions in each.

Interesting that an article like this would come out right as Bitcoin's value is going up and the US SEC is considering approval of several Bitcoin ETFs.