# Bitcoin Energy Consumption Index - Digiconomist - Host: [digiconomist.net](https://links.thingelstad.xyz/hosts/digiconomist.net/) - Saved: April 22, 2021 (2021-04-23T00:32:08Z) - Record: https://links.thingelstad.xyz/links/c001f2032836/ - JSON: https://links.thingelstad.xyz/links/c001f2032836.json ## What Jamie wrote I do not disagree that Bitcoin, and in general blockchain solutions that use proof-of-work use a lot of energy. The graphs here tell a story. However, comparing Bitcoin to VISA is non-sensical. Bitcoin isn't a replacement for the VISA system, it is an alternative or replacement for Gold. The comparable should be to add up all the energy used to dig that shiny metal out of the earth, refine it, and make it available to the gold market. Then, when we have done that comparison also ask yourself which system you believe can be optimized and drive efficiencies into. Bitcoin wins easy over Gold. And we aren't even talking about the human side in regards to the people that have to go down into the mines and get the gold. ## Facts - Kind: [Page](https://links.thingelstad.xyz/kinds/page/) ## Appears in - [WT183: Weekly Thing #183 / Visidata, FTP, Amazon](https://weekly.thingelstad.com/archive/183/), Recommended Links ## Saved the same week - [How to Write a Technical Book — SerHack Blog](https://links.thingelstad.xyz/links/c1d37912cbbc/) (serhack.me, April 22, 2021) - [PHP in 2021 - stitcher.io](https://links.thingelstad.xyz/links/fdb69bb3d188/) (stitcher.io, April 22, 2021) - [Onboarding with an M1](https://links.thingelstad.xyz/links/08cbb05206c6/) (authzed.com, April 22, 2021) - [Bearing witness to the pain — Mirror of Justice](https://links.thingelstad.xyz/links/a6c425f00daa/) (mirrorofjustice.blogs.com, April 22, 2021) - [Daring Fireball: 'That's What Makes Bill Very, Very Dangerous'](https://links.thingelstad.xyz/links/e201ffab4bf3/) (daringfireball.net, April 22, 2021) ## Elsewhere - Wayback Machine: https://web.archive.org/web/*/https://digiconomist.net/bitcoin-energy-consumption