Getting rid of bitcoin could help save the planet
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9:09 am, November 1st, 2018 - 39 comments
Categories: business, capitalism, climate change, Economy, Environment, global warming, internet, sustainability, youtube -
Tags: bitcoin
There is a rather simple way for the world to do something significant about climate change and global warming. All that we have to do is work out how to get rid of bitcoin.
From Alex Hern in the Guardian:
Bitcoin’s electricity usage is enormous. In November, the power consumed by the entire bitcoin network was estimated to be higher than that of the Republic of Ireland. Since then, its demands have only grown. It’s now on pace to use just over 42TWh of electricity in a year, placing it ahead of New Zealand and Hungary and just behind Peru, according to estimates from Digiconomist. That’s commensurate with CO2 emissions of 20 megatonnes – or roughly 1m transatlantic flights.
That fact should be a grave notion to anyone who hopes for the cryptocurrency to grow further in stature and enter widespread usage. But even more alarming is that things could get much, much worse, helping to increase climate change in the process.
Burning huge amounts of electricity isn’t incidental to bitcoin: instead, it’s embedded into the innermost core of the currency, as the operation known as “mining”. In simplified terms, bitcoin mining is a competition to waste the most electricity possible by doing pointless arithmetic quintillions of times a second.
The more electricity you burn, and the faster your computer, the higher your chance of winning the competition. The prize? 12.5 bitcoin – still worth over $100,000 – plus all the transaction fees paid in the past 10 minutes, which according analysts’ estimates is another $2,500 or so.
This is a winner-takes-all game, where the prize is guaranteed to be paid to one, and only one, miner every 10 minutes. Burning more electricity increases your chances of winning, but correspondingly decreases everyone else’s – and so they have a motivation to burn more electricity in turn.
But it is not only bitcoin that is the problem. Internet data centres also are major contributors to energy consumption.
John Harris in the Guardian analyses the power consumption that occurs in Louden County, Virginia which houses many of the world’s major data farms. He states this:
But there is a big problem, centred on a power company called Dominion, which supplies the vast majority of Loudoun County’s electricity. According to a 2017 Greenpeace report, only 1% of Dominion’s total electricity comes from credibly renewable sources: 2% originates in hydroelectric plants, and the rest is split evenly between coal, gas and nuclear power. Dominion is also in the middle of a huge regional controversy about a proposed pipeline that will carry fracked gas to its power plants, which it says is partly driven by data centres’ insatiable appetite for electricity. Clearly, then, the video streams, digital photographs and messaging that pour out of all those servers come with a price.
I was reminded of all this by the recently published book New Dark Age, by the British writer James Bridle. He cites a study in Japan that suggests that by 2030, the power requirements of digital services will outstrip the nation’s entire current generation capacity. He quotes an American report from 2013 – ironically enough, commissioned by coal industry lobbyists – that pointed out that using either a tablet or smartphone to wirelessly watch an hour of video a week used roughly the same amount of electricity (largely consumed at the data-centre end of the process) as two new domestic fridges.
If you worry about climate change and a cause celebre such as the expansion of Heathrow airport, it is worth considering that data centres are set to soon have a bigger carbon footprint than the entire aviation industry. Yet as Bridle points out, even that statistic doesn’t quite do justice to some huge potential problems. He mentions the vast amounts of electricity consumed by the operations of the online currency Bitcoin – which, at the height of the speculative frenzies earlier this year, was set to produce an annual amount of carbon dioxide equivalent to 1m transatlantic flights. And he’s anxious about what will happen next: “In response to vast increases in data storage and computational capacity in the last decade, the amount of energy used by data centres has doubled every four years, and is expected to triple in the next 10 years.”
If we are going to get on top of climate change we are going to have to address power consumption. And burning so much power on keeping Bitcoin going and on streaming youtube videos may be something that we will need to rethink.
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- Release: Over 15,000 sign Labour’s open letter to Luxon
As the hīkoi to Parliament continues, Labour has sent an open letter to Prime Minister Christopher Luxon in a last-ditch attempt to get him to kill the Treaty Principles Bill. ...1 week ago
- Fast Track Bill threatens environment, climate and reputation
The fast-track legislation passing its second reading in Parliament is another step towards environmental ruin. ...1 week ago
- Greens join King’s Counsel in calling for Treaty Principles Bill to be abandoned
The Prime Minister must answer the call from a group of senior lawyers of the King’s Counsel to abandon the divisive Treaty Principles Bill. ...1 week ago
- Chris Hipkins’ apology statement to state and faith-based care survivors
...1 week ago
- Release: Labour formally apologises to state and faith-based care survivors
Labour joins with the Government in unreservedly apologising for the abuse, neglect and trauma including torture in state and faith-based care and for ignoring the voices of survivors for too long. ...1 week ago
- Green Party stands in support of survivors of abuse in care
Today, the Green Party stands alongside the survivors of abuse in state care and faith-based care as the Government issues an historic apology. ...1 week ago
- Green Party calls for conscience vote on Treaty Principles Bill
The Green Party has written to the Speaker of the House requesting he enable a personal vote on the Treaty Principles Bill. ...2 weeks ago
- Govt move to exclude journalist risks chilling effect
The Green Party is alarmed by the Government’s move to exclude a journalist from covering this week’s apology for the survivors of abuse in state and faith-based care. ...2 weeks ago
- Without action, an apology will be empty air
For tomorrow’s apology to survivors of abuse in state and faith-based care to hold any water, the Government must not pursue the same policies that drove the abuse in the first place. ...2 weeks ago
- Release: Concerns remain over tobacco interference
Concerns about the tobacco industry’s ability to interfere in government policy making remain, despite the inability of the Office of the Auditor-General to investigate the Government’s decision to halve the excise tax on heated tobacco products. ...2 weeks ago
- Urgent wake-up call on climate
The Climate Change Commission’s latest advice indicates Aotearoa needs to be stepping up on climate action. ...2 weeks ago
- Green MP’s Meme-ber’s Bill set to save the world
Break out the punchlines and dust off your meme folder: Green Party MP Kahurangi Carter’s Copyright (Parody and Satire) Amendment Bill was pulled from the Ballot yesterday. ...2 weeks ago
- Release: Poroporoaki: Ta Robert (Bom) Gillies
Kua hinga te manawa kairākau o Te Rua Tekau Ma Waru Tiwhatiwha te po! Kakarauru i te po! Ka rapuhia kei hea koe kua riro! Haere e te Ika a Whiro ki o tini hoa kua ngaro atu ki te Pō ...2 weeks ago
- Labour, Greens and Te Pāti Māori call on the Prime Minister to block the Treaty Principles Bill
The opposition parties stand united for an Aotearoa that honours Te Tiriti, rather than seeking to rewrite it. Labour, the Greens and Te Pāti Māori are working together against the Government’s divisive Treaty Principles Bill. ...2 weeks ago
- Release: Labour, Greens and Te Pāti Māori call on the Prime Minister to block the Treaty Principle...
The opposition parties stand united for an Aotearoa that honours Te Tiriti, rather than seeking to rewrite it. Labour, the Greens and Te Pāti Māori are working together against the Government’s divisive Treaty Principles Bill. ...2 weeks ago
- NZ must pursue independent foreign policy
The Green Party says the need is greater than ever for Aotearoa New Zealand to pursue an independent foreign policy. ...2 weeks ago
- New facility in Christchurch will improve the lives of young New Zealanders
Mental Health Minister Matt Doocey today opened Kahurangi, an innovative and much-needed facility for Canterbury’s Child, Adolescent, and Family Mental Health Services. “The new state of the art outpatient facility opened today will be a gamechanger for the way mental health is delivered for young people in Canterbury,” says Mr ...43 minutes ago - Driver safety screens to be installed on Auckland buses
Transport Minister Simeon Brown has welcomed news from the NZ Transport Agency (NZTA) that bus driver protection screens will be installed across Auckland’s bus fleet by 2026.“The Government is committed to improving the safety of working environments for bus drivers, and Budget 2024 allocated $15 million of Crown funding over ...1 hour ago
- Government action provides Southland farmers more time to meet plan requirements
The Government is taking action to ensure Southland farmers and growers are not affected by unreasonable regional farm plan deadlines, Agriculture Minister Todd McClay, Environment Minister Penny Simmonds and Associate Environment Minister Andrew Hoggard say.“Cabinet has agreed to provide more time for farmers and growers to comply with regional rules ...18 hours ago
- Bill reaffirms Government’s commitment to crack down on serious youth offending
The Oranga Tamariki (Responding to Serious Youth Offending) Bill had its first reading at Parliament today. The Bill reaffirms the Government’s commitment to crack down on serious youth offending, Minister for Children Karen Chhour says. “In recent years we have seen an unacceptable spike in youth offending. “This Bill makes ...18 hours ago
- Critical milestones for earthquake buildings review
Fairer, more sensible rules about managing earthquake risks are a step closer with the passing of legislation and the appointment of an independent chair to provide expert advice, Minister for Building and Construction Chris Penk says. “The Government is committed to reinvigorating our cities and regions to support economic growth, ...19 hours ago
- State of the art radiology machine for Auckland
People in Northland and Auckland will benefit from a new machine for cancer treatment installed at the Regional Cancer and Blood Service at Auckland City Hospital. The MV5 linear accelerator, or LINAC machine, officially opened today targets cancer tumours with pinpoint accuracy. Health Minister Dr Shane Reti says this new, ...19 hours ago
- Foreign Minister to visit Europe
Deputy Prime Minister and Foreign Minister Winston Peters will travel to Europe for high-level talks with France, Germany and the United Kingdom next week. "Since taking office almost a year ago, the Coalition Government has emphasised the importance we place on New Zealand's traditional and likeminded diplomatic and ...20 hours ago
- First arrests made under gang patch ban
Police have made their first arrests under the new gang patch legislation, with two gang members arrested, says Police Minister Mark Mitchell. “Just before 11 this morning, Police in Wairoa apprehended a gang member for wearing a patch to the supermarket. He has been arrested and will now face enforcement ...21 hours ago
- Better support for victims of sexual violence
The Government is proposing two major changes to name suppression laws that will put the views of victims of sexual violence first, Justice Minister Paul Goldsmith says. “We are committed to restoring law and order and these two proposed changes will help ensure the victims of crime are put at ...22 hours ago
- Government moving forward with Regional Deals
Cabinet has agreed to invite all regions to submit proposals for Regional Deals between central and local government that drive economic growth and deliver the infrastructure our country needs, Local Government Minister Simeon Brown and Infrastructure Minister Chris Bishop say. Inviting all regions to propose a Regional Deal that boosts ...22 hours ago
- MSA pilot participant update
One of the ten young men selected to participate in the Military-Style Academy Pilot has allegedly reoffended. Children’s Minister Karen Chhour is disappointed but says it would be naïve to think that none of these young men would reoffend. “I’m saddened that this young person has not taken this opportunity ...23 hours ago
- Fighting for Kiwis in Trade
Delivered at Auckland Trade and Economic Policy School Good morning and thank you Deputy Vice Chancellor Lithander for your warm welcome and for inviting me to open Auckland Trade and Economic Policy School today. A Special thanks to the University of Auckland, the Ministry of Foreign Affairs and Trade and ...24 hours ago
- Attendance rates increase, again
Associate Education Minister David Seymour says that school attendance is continuing to rise. In Term 3 of 2024 51.3 per cent of students attended school regularly, an increase of 5.3 percentage points from 46 per cent in Term 3 of 2023. “This Government has prioritised student attendance and it is ...1 day ago
- Improving the lives of young New Zealanders
Ensuring New Zealand is the best place in the world for children and young people is the vision at the heart of the Government’s new Child and Youth Strategy, Child Poverty Reduction Minister Louise Upston says. “Childhood represents a huge opportunity to set people on a positive path towards living ...1 day ago
- Government continues work to reinstate livestock exports by sea
The Government is reinstating the trade of livestock exports by sea while ensuring the highest standards of animal welfare, says Associate Minister of Agriculture Andrew Hoggard.“The Government will introduce legislation changes to reinstate the trade, enhance oversight, and strengthen requirements for exporters to identify risks and manage the welfare of ...2 days ago
- Speech to the National Quality Forum 2024
Tēnā koutou katoa – it is a pleasure to be here today. I would like to begin by acknowledging the important leadership role you all play in ensuring a quality health system New Zealanders can trust. There is enormous clinical expertise in this room covering a wide range of disciplines. ...2 days ago
- New Zealand’s COP29 National Statement
Tēnā koutou katoa. Mr President, Excellencies, Delegates. New Zealand, and all nations represented here today, are already dealing with the impacts of climate change. Our households, businesses, and economies are bearing the costs of its effects. The choices we make now will shape the severity of these impacts for generations ...2 days ago
- Latest Quarterly Investment Report released
The Government has released its second Quarterly Investment Report (QIR) which shows substantial work still to be done by agencies to improve investment reporting and meet the Government’s expectations, Infrastructure and Acting Finance Minister Chris Bishop says. “New Zealand has significant infrastructure and investment needs. The Government is determined to get ...2 days ago
- New Zealand supporting loss and damage fund
Climate Change Minister Simon Watts announced New Zealand will contribute NZ$10 million to the new Fund for Responding to Loss and Damage while at the annual United Nations Climate Change Conference (COP29) in Baku, Azerbaijan. “New Zealand is joining the global effort to address the significant challenge of responding to ...2 days ago
- Gang crackdown begins at stroke of midnight
The free ride for gangs is over when the clock strikes midnight tonight, with tough new laws officially coming into effect, Justice Minister Paul Goldsmith and Police Minister Mark Mitchell say. “Gang patches will no longer be able to be worn in public. To earn the right to wear a ...2 days ago
- LGFA increases borrowing capacity to support high growth councils
The Government is welcoming the decision by the Local Government Funding Agency to increase access to financing tools for fast growing councils to support greater investment in critical infrastructure, Local Government Minister Simeon Brown says.“Communities across the country are facing an infrastructure deficit and significant population growth is projected in ...2 days ago
- Temporary Traffic Management costs revealed
The Government has revealed that over the past three years, the New Zealand Transport Agency (NZTA) has spent an eyewatering $786 million of taxpayers’ money on road cones and temporary traffic management (TTM), Transport Minister Simeon Brown says.“When I became Minister, I was surprised to learn that that NZTA did ...2 days ago
- Jurisdiction of Disputes Tribunal to double
Legislation that will double the financial jurisdiction of the Disputes Tribunal from $30,000 to $60,000 has passed first reading in Parliament today, Justice Minister Paul Goldsmith. “We need to improve court timeliness and access to justice so that Kiwis and get on with their lives. Court delays affect everyone, the ...3 days ago
- Protecting New Zealand from foreign interference
Legislation that will specifically criminalise foreign interference and strengthen espionage offences has passed first reading in Parliament today, Justice Minister Paul Goldsmith says. “It is normal and appropriate for states to interact and work to influence one another. This encourages cooperation and can have mutually beneficial outcomes. “However, the reality ...3 days ago
- Significant milestone for Canterbury Road of National Significance
Transport Minister Simeon Brown has welcomed news that the NZ Transport Agency (NZTA) Board has approved funding towards pre-implementation and early works on the State Highway 1 (SH1) Belfast to Pegasus Motorway and Woodend Bypass Road of National Significance (RoNS). “Reaching this significant milestone is a reflection of our Government’s ...3 days ago
- Health survey results to help drive change
Health Minister Dr Shane Reti says findings from the annual Health Survey highlight the need to continue driving better health outcomes for New Zealanders. The New Zealand Health Survey is an annual snapshot of key metrics measured from July 2023 – July 2024. Findings released this morning include: In 2023/24, ...3 days ago
- Final push needed to get to Smokefree 2025
A renewed effort to get people to quit smoking will build on what has worked to date and target the groups who most need support, Associate Health Minister Casey Costello said today. “The latest New Zealand Health Survey results show the daily smoking rate at 6.9 per cent and we ...3 days ago
- New diplomatic appointments
Foreign Affairs Minister Winston Peters has announced four new diplomatic appointments. “Our diplomats play an important role in ensuring New Zealand’s interests are maintained and enhanced across the world,” Mr Peters says. “It is a pleasure to announce the appointment of these senior diplomats from the Ministry of Foreign ...3 days ago
- Next steps for Regulatory Standards Bill
Regulation Minister David Seymour has today announced the next steps in the Government’s plan improve the quality of regulation by opening consultation on a proposed Regulatory Standards Bill. “New Zealand's low wages can be blamed on low productivity, and low productivity can be blamed on poor regulation,” says Mr Seymour. ...3 days ago
- Red Tape Tipline goes live
Minister for Regulation David Seymour has today announced that the Ministry for Regulation’s Red Tape Tipline is now live. “We want to hear about your red tape horror stories. From today, New Zealanders will have a say on how they are regulated through an online portal,” says Mr Seymour. The ...3 days ago
- Youth Parliament 2025 announced
The Minister for Youth Matt Doocey has today announced the eleventh Youth Parliament will be taking place in 2025. “Youth Parliament offers a unique youth development opportunity to young people from across New Zealand to experience the political process and learn about how government works,” says Mr Doocey. “The two-day ...4 days ago
- Police stats show promising change
After nearly a year in Government, Kiwis have seen significant change across law and order with promising early results shown across some Police statistics, says Police Minister Mark Mitchell. “In August 2023, I told New Zealanders that if they had not started to see a change in public safety within ...4 days ago
- Better coordination of anti-scam efforts
With the launch of Fraud Awareness Week, the Government is committing to new coordination efforts across industry and government to combat online scams, Commerce and Consumer Affairs Minister Andrew Bayly says. “Online financial scams are a growing problem for New Zealand. New data released today shows that Kiwis lost nearly ...4 days ago
- Minister to consider 7AA select committee report
Minister for Children Karen Chhour will consider the recommendations made by the Social Services and Community Committee in its report back to Parliament on the Oranga Tamariki (Repeal of Section 7AA) Amendment Bill. “I want to thank the people who made submissions and those who appeared before the committee in ...4 days ago
- Defence Minister to attend ASEAN meeting
Defence Minister Judith Collins will this week attend the Association of Southeast Asian Nations (ASEAN) Defence Ministers’ Meeting-Plus in Vientiane, Laos. “We need to take every opportunity to engage with our international partners, given the increasingly unstable geo-political situation,” Ms Collins says. “New Zealand has a long-standing commitment to this ...4 days ago
- Launching the White Ribbon Ride
The Minister for the Prevention of Family and Sexual Violence, Karen Chhour, was on hand to wish riders well at the start of the North Island leg of the White Ribbon Ride in Whakatāne this morning. The ride helps mark the International Day for the Elimination of Violence against Women, ...5 days ago
- Construction to begin on next stage of Papakura to Drury
Construction on the next stage of the SH1 Papakura to Drury project will begin early next month, with the contract for works awarded to Fulton Hogan, Transport Minister Simeon Brown says. "SH1 Papakura to Drury is a key project that will drive economic growth and productivity, reduce congestion, and enable people ...6 days ago
- NZ signs trade deal with Costa Rica, Iceland and Switzerland
Trade and Agriculture Minister Todd McClay has signed a pioneering trade agreement that prioritises New Zealand’s sustainable exports at a ceremony during APEC in Peru today. “The Agreement on Trade and Sustainability (ACCTS), between Costa Rica, Iceland, and Switzerland was concluded in July of this year and opens up significant ...6 days ago
- Government and iwi work together on aquaculture
Five new Aquaculture Settlement Areas will help ensure Ngāi Tahu shares in the opportunities aquaculture offers for Southland’s economy, Oceans and Fisheries Minister Shane Jones says. “The Aquaculture Settlement Areas (ASAs) I’m announcing today set aside space so the Crown and Ngāi Tahu can assess their potential for aquaculture development. ...7 days ago
- Government launches review to ensure electricity market is fit-for-purpose
The terms of reference for a review of the performance of the electricity market have been released. The review, initiated by the Coalition Government during the power crisis in winter will look at whether current regulations and market design support economic growth and access to reliable and affordable electricity, Energy Minister ...7 days ago
- RNA editing is the next frontier in gene therapy – here’s what you need to know
Source: The Conversation (Au and NZ) – By Flora Hui, Research Fellow, Centre for Eye Research Australia and Honorary Fellow, Department of Surgery (Ophthalmology), The University of Melbourne IoanaB/Shutterstock The United States Food and Drug Administration has just approved the first-ever clinical trial that uses CRISPR-Cas13 RNA editing. Its ...2 hours ago - Yes, you still need to use sunscreen, despite what you’ve heard on TikTok
Source: The Conversation (Au and NZ) – By Katie Lee, PhD Candidate, Dermatology Research Centre, The University of Queensland Karolina Grabowska/Pexels Summer is nearly here. But rather than getting out the sunscreen, some TikTokers are urging followers to chuck it out and go sunscreen-free. They claim it’s healthier ...2 hours ago
- Humans are killing off the old and wise animals that hold nature together. Here’s what must change
Source: The Conversation (Au and NZ) – By Keller Kopf, Senior Lecturer in Ecology, Charles Darwin University Laxmikant Ameenagad, Shutterstock In humans and other animals, ageing is generally associated with a decline in biological function. But scientists are now discovering older animals perform vital roles in populations and ecosystems. ...2 hours ago
- A man scouring Google Earth found a mysterious scar in the Australian outback – and now scientists...
Source: The Conversation (Au and NZ) – By Matej Lipar, Adjunct Research Fellow, School of Earth and Planetary Sciences, Curtin University Author provided/Google Earth Earlier this year, a caver was poring over satellite images of the Nullarbor Plain when he came across something unexpected: an enormous, mysterious scar etched ...2 hours ago
- Design as a movement: how First Nations people take ownership of their cultural stories through fash...
Source: The Conversation (Au and NZ) – By Treena Clark, Chancellor’s Indigenous Research Fellow, Faculty of Design, Architecture and Building, University of Technology Sydney Once located 250 metres to the east of the Art Gallery of South Australia, the grand beaux-arts style Jubilee Exhibition Building was constructed to house the ...2 hours ago
- ‘We need more doctors’ – Support for new Waikato medical school
The Association of Salaried Medical Specialists says a third medical school and more students in Auckland and Otago are both needed. ...2 hours ago - Cricket balls can concuss and even kill batters – at all levels, helmet use must be taken seriousl...
Source: The Conversation (Au and NZ) – By Annette Greenhow, Assistant Professor, Faculty of Law, Bond University Linda George/Shutterstock The ten-year anniversary of the death of much-loved Australian cricketer Phillip Hughes falls on November 27. The 25-year-old’s life was tragically cut short in 2014 when a bouncer ...2 hours ago
- Hold the roosters, no economic dawn yet
Treasury likely to downgrade economic forecast while Chris Bishop says the government won’t be ‘a slave to a surplus’, writes Anna Rawhiti-Connell in this extract from The Bulletin. To receive The Bulletin in full each weekday, sign up here. Recession will be deeper and last longer — Treasury At a recent Spinoff ...3 hours ago - Knowing superstitions aren’t real doesn’t stop us behaving superstitiously – why?
Source: The Conversation (Au and NZ) – By Stephanie Gomes-Ng, Senior Lecturer of Psychology, Auckland University of Technology Getty Images Former New Zealand prime minister John Key has three white rabbits painted on his helicopter, a nod to his “massively superstitious” habit of repeating “white rabbits” three times at ...4 hours ago
- Government slammed for pushing ahead with boot camps while trial still under way
The coalition has "absolutely no intention of listening to the evidence that comes out of their experiment", Labour MP says. ...5 hours ago
- Smoke and mirrors in tobacco debate
Labour claims Government is ‘cherry-picking’ smoking trends data to hide decade-first increase in daily smokers The post Smoke and mirrors in tobacco debate appeared first on Newsroom. ...5 hours ago - Smoke and mirrors in heated tobacco debate
Labour claims Government is ‘cherry-picking’ smoking trends data to hide decade-first increase in daily smokers The post Smoke and mirrors in heated tobacco debate appeared first on Newsroom. ...5 hours ago
- Treasury bangs the drum on ‘unsustainable’ superannuation
The Government’s economic adviser is sending a message it doesn’t want to hear – superannuation is increasingly unaffordable The post Treasury bangs the drum on ‘unsustainable’ superannuation appeared first on Newsroom. ...5 hours ago
- Victims of sex offending welcome shift on name suppression laws
A man abused by a former political figure is "immensely relieved" at a government proposal to end secrecy around sex offenders' identities. ...5 hours ago
- This week three parties stood together – can they withstand the storm to come?
There is plenty yet to play out, but the next election is at this rate shaping up as trio versus trio, writes Toby Manhire. A subplot of this week’s historic hīkoi mō te Tiriti has been the sight of the three opposition parties presenting a unified front. Te Pāti Māori ...6 hours ago
- All 33 malls in Auckland ranked from worst to best
From the low lows of abandon empires to the high highs of a mall done just right. This is the second in the Malls of New Zealand series, where we rank the malls in major centres. Next week: Wellington. A note from the editor: This is the hardest ranking we’ve ...6 hours ago
- The cost of being: A clothes-mad 20-something who walks everywhere
As part of our series exploring how New Zealanders live and our relationship with money, a 27-year-old apartment-dwelling marketing exec explains her approach to spending and saving. Want to be part of The Cost of Being? Fill out the questionnaire here. Gender: Female. Age: 27. Ethnicity: Pākehā. Role: Marketing exec at ...6 hours ago
- Nuclear winters know no borders
Opinion: The immediate horror of nuclear weapon explosions – the blinding flash, crushing blast wave, and radioactive inferno – is well documented.But what nuclear-armed nations either don’t grasp or won’t admit, is far more chilling: how their weapons could devastate even countries thousands of kilometres from any mushroom clouds.The collapse ...6 hours ago
- This week’s bestselling books – November 22
FICTION1 Kāwai: Tree of Nourishment by Monty Soutar (David Bateman, $39.99)Sample dialogue, all from one chapter:“That can’t be,” replied Taona doubtfully.“You were right. The pā is unnervingly quiet,” Taona murmured.“The Hākuwai,” Motukia breathed. “Our grandfathers told us they rarely saw the Hākuwai in daylight,” Motukia muttered.“Their fight would have been futile ...6 hours ago
- Burma the flying elephant
After about two and a half years of planning and waiting, New Zealand’s last elephant has moved to her new home at Monarto Safari Park in South Australia.Burma and her “human herd”, that is, her keepers, arrived last week, and she’s settling in well, according to Auckland Zoo’s Andrew Coers.“Something ...6 hours ago
- NZ’s membership of Beyond Oil and Gas Alliance in jeopardy
Senior ministers in the coalition suggested NZ’s membership will be re-evaluated if it restarts offshore oil and gas drilling The post NZ’s membership of Beyond Oil and Gas Alliance in jeopardy appeared first on Newsroom. ...6 hours ago
- Raw Politics: Six months in a leaky Bill
Prime Minister Christopher Luxon did not meet the Treaty Principles Bill hikoi crowd, sees “nothing” of merit in the Act-proposed law but the Parliament his Government dominates will spend six months debating a “divisive” measure.That’s because he has accepted there needs to be “aeration” of people’s views on the Treaty, ...6 hours ago
- Taken to the brink, Govt is now close to selling big Whakapapa ski field
Bidder Whakapapa Holdings walked away from the sales process last year, but says it’s now ‘95% there’ on a purchase agreement – so who blinked first? The post Taken to the brink, Govt is now close to selling big Whakapapa ski field appeared first on Newsroom. ...6 hours ago
- Newsroom daily quiz, Friday 22 November
Loading…(function(i,s,o,g,r,a,m){var ql=document.querySelectorAll('A[data-quiz],DIV[data-quiz]'); if(ql){if(ql.length){for(var k=0;k<ql.length;k++){ql[k].id='quiz-embed-'+k;ql[k].href="javascript:var i=document.getElementById('quiz-embed-"+k+"');try{qz.startQuiz(i)}catch(e){i.start=1;i.style.cursor='wait';i.style.opacity='0.5'};void(0);"}}};i['QP']=r;i[r]=i[r]||function(){(i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)})(window,document,'script','https://take.quiz-maker.com/3012/CDN/quiz-embed-v1.js','qp');Got a good quiz question? Send Newsroom your questions.The post Newsroom daily quiz, Friday 22 November appeared first on Newsroom. ...6 hours ago
- Daily crossword, Friday 22 November
The post Daily crossword, Friday 22 November appeared first on Newsroom. ...6 hours ago
- China likely to strengthen regional relationships in response to another Trump term
Opinion: Recent discussions in Shanghai provide some insight into what’s likely to be on the table The post China likely to strengthen regional relationships in response to another Trump term appeared first on Newsroom. ...6 hours ago
- Watts nears a landmark deal on global carbon trading
A framework for global carbon trading under the Paris Agreement is finally nearing completion at COP29 in Baku, Azerbaijan after years of halting talks.Climate Change Minister Simon Watts is one of two ministers tasked by the COP29 hosts with landing a long-sought deal on Article 6 of the climate accord, ...6 hours ago
- Grattan on Friday: Marles plays a defensive bat on nuclear as the government rushes to get though la...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Richard Marles is an ambitious man who hasn’t given up the dream of one day reaching the top job. But, despite being deputy prime minister, his profile is much lower than that of Treasurer Jim ...11 hours ago
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"Overwhelmingly, those people who die will be young Māori men," the spokesperson for People Against Prisons Aotearoa says. ...13 hours ago
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62% of respondents support the extension of the OIA to cover MPs’ spending, compared to just 13% opposed and 24% were unsure. ...13 hours ago - The House: Meanwhile, a week of passing law
The political week has been packed with worthy distractions, but all week Parliament has focused on passing new laws. Here are the highlights. ...13 hours ago
- The biggest difference between Hīkoi mō te Tiriti and past hīkoi: More support from non-Māori
Analysis - The diversity of voices during the hīkoi was noticeable - from tangata moana to young immigrants to elderly Pākehā from the South Island. ...14 hours ago
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When the bill to restore NZ citizenship to some Samoans passed this week, Parliament's galleries were full to the brim with members of the community. ...15 hours ago
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Women’s Rights Party Co-leader Jill Ovens says the Ministry has put New Zealand children at risk by continuing to allow “off-label” prescribing of puberty blockers at far higher rates than other similar countries. ...16 hours ago
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That is despite two papers from police that raised the matter with him. ...16 hours ago
- Shorten declares himself ‘a proud moderate’, saying Australians ‘in the middle’ shouldn’t ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Bill Shorten has declared himself “a proud moderate” in a valedictory speech declaring parliament has the responsibility to ensure the extremes of left and right do not set the terms of political debate. Shorten, ...17 hours ago
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Source: The Conversation (Au and NZ) – By Michael Freeman, Associate Professor of Dermatology, Bond University ERIK Miheyeu/Shutterstock Sweating is our body’s way of cooling down, a bit like an internal air conditioner. When our core temperature rises (because it’s hot outside, or you’re exercising), sweat glands all ...17 hours ago
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Source: The Conversation (Au and NZ) – By Nial Wheate, Professor of Pharmaceutical Chemistry, Macquarie University Australia’s drug regulator has issued a safety warning over the medicine Phenergan and related products containing the antihistamine drug promethazine. The Therapeutic Goods Administration said the over-the-counter products should not be given to children ...17 hours ago
The server will be getting hardware changes this evening starting at 10pm NZDT.
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Rethink? I’d already decided against it. What’s holding up the process micky?
I have never invested in bitcoin myself. Seemed like a really stupid idea. By “we” I am referring to the world’s population.
‘The world’s population’ is not a decision making body.
A.
*whoosh*
MS
Well, good luck getting rid of bitcoin, report back in a few weeks and let us know how you got on?
A.
Its easy , jack up their electricity prices
“Less than three hours east of Seattle, on the other side of the Cascade Mountains, you could buy electricity for around 2.5 cents per kilowatt, which was a quarter of Seattle’s rate and around a fifth of the national average”
This Is What Happens When Bitcoin Miners Take Over Your Town
https://www.politico.com/magazine/story/2018/03/09/bitcoin-mining-energy-prices-smalltown-feature-217230
“Across the three rural counties of the Mid-Columbia Basin—Chelan, Douglas and Grant—orchards and farm fields now share the rolling landscape with mines of every size, from industrial-scale facilities to repurposed warehouses to cargo containers and even backyard sheds.
…..
watches workers set the roof on a Giga Pod, a self-contained crypto mine that Carlson designed to be assembled in a matter of weeks. When finished, the prefabricated wood-frame structure, roughly 12 by 48 feet, will be equipped with hundreds of high-speed servers that collectively draw a little over a megawatt of power and, in theory, will be capable of producing around 80 bitcoins a month.
Most of the story is a really good explanation of the block chain and bit coin mining process
The weird bit is as more computers mine bitcoins ever faster the process gets more difficult and energy intensive- it stays at roughly one coin mined every 10 mins.
But the other side is the coins have gotten much more valuable even faster- as so we think
I have a first step for you. Shut down The Standard. Imagine the savings in electricity that will come from that.
(Only kidding!)
The Standard would be run on a multi core processor about the size of a large microwave.
I reduced the power consumption of my desktop by fitting an SSD disk drive to replace the mechanical one which can be hot and noisy- from the fan to expell the heat- as well as comparatively slow. Other advantage was extended the life of this all -in -one unit as the disk is common failure point from 4- 5 years on. Its now over 6 yrs
Bitcoin is a factor but it’s also the migration of corporate compute resources into the cloud providers such as amazon, Microsoft etc.
You’ll struggle to get that data as commercial confidentiality shields it but it’s a huge paradigm shift as corporates give up their infrastructure to the cloud.
Ummm… regardless of where Computer processing takes place (In the cloud or on local servers) it will still need electricity to do so.
You should have seen the power consumption of the large mainframes of the 80s and 90s. and then there was the power to run the large laser printers – the size of a small SUV- to print all the output.
yes but the price point means in cloud alot more compute resources are ‘spun up’ as it’s overall cheaper.
Alot of org’s increase their VM’s, Disk and CPU’s significantly once in the cloud as it’s just so easy to do.
Also the existing /former infrastructure is often left to run the test systems they never had room for before but they do now.
It is kind of self perpetuating isn’t it.
I’m suspicious when things are very cheap or free, and thus widely adopted. It creates dependency which is so easily converted in the future to holding us over a barrel for cash.
Already happening in some cases however org’s that let the skillsets and infrastructure go will be unable to go back.
Bitcoin ads are featuring on Kiwiblog. Mark Bryers (former head of Blue Chip) is one of the salesmen.
And I am being constantly spammed by bitcoin advocates.
Junked along with the invitations to buy viagra, sex toys and other inflationary products of dubious merit and efficacy.
Have I ever been sent spam that has some personal or social merit?
I kept getting ads for dental work and penis enlargement.
How do they know?
I’d check for the camera in the shampoo bottle in the shower!
https://www.stuff.co.nz/national/crime/104636544/Man-who-filmed-guests-in-Airbnb-shower-with-covert-cameras-jailed-and-named?cid=edm:stuff:dailyheadlines&bid=843113865
That is what happens when you click on their ads or search their websites.
Won’t be stopping WAR inc…better just model in the environmental damage caused by that industry perpetually…
Low hanging fruit and ‘easy targets’…etc
Well, since about 80% of NZ’s electricity generation is renewable (so more or less non-carbon emitting), then a NZ bit-coin miner is only doing about 1/5 of the damage of some others.
Maybe they should get some sort of bonus green walk ‘n buy points?
Bit coin? Bit player.
As for road transport, shipping, aviation and energy generation…y’know, those things that we do that guzzle huge amounts of fossil and that produce huge amounts of carbon.
Drill, dig and mine for all the bitcoin you desire, it’s hardly the type of drilling, digging or mining that need worry us.
still i wonder how NZ will fare if we have an extended drought….
Wind has filled in a lot of that gap we used to have last century. As wind is variable keep the hydro as a peak load only when wind is down- which is easy to do as they can open the water gates fairly quickly to spin the turbines .
wind produces approx 5% of electricity as opposed to hydros typical 50-60%……some way to go before wind can provide that which hydro currently does.
IfBitcoin is a pointless ponzi scheme though . As opposed to emissions from real mining . How are you going to post here if we stop mining and transporting all the bits that go into your device??
Another great example proving that the profit motive brings about uneconomic results.
Not really. Shifting to renewable sources of electricity generation eliminates the GHG emissions from power consumption.
“The cryptocurrency uses as much CO2 a year as 1m transatlantic flights. We need to take it seriously as a climate threat”. Hard to argue with that, eh? Bitcoin using more power than nations like NZ & Hungary is startling enough, without even considering it equal to a million transatlantic flights.
Hang on, you’ll be thinking, if it uses that much CO2 then it’s a good thing, right? Extracting it from the atmosphere. Well, he elaborates: “commensurate with CO2 emissions of 20 megatonnes – or roughly 1m transatlantic flights.” Just a wee problem with language & logic.
Seems like just another capitalist game, in which polluters compete with each other to see who can grab imaginary gold fastest…
That claim about the hour of video per week on a smartphone or tablet using as much as 2 x a fridge per year seems to be false
https://www.huffingtonpost.com/2013/08/20/iphone-energy-refrigerator-controversial-study_n_3782211.html
The story of the power company for Virginia seems skewed as for various reasons theres a glut of data centres in that area, but the really really big ones run by say Microsoft and Amazon are mostly located near very cheap power such as hydro
https://www.bisnow.com/washington-dc/news/data-center/why-ashburn-has-emerged-as-a-national-hub-for-data-centers-77030
More on the energy use of video streaming, from a more independent source.
It seems the data transmission part is the most energy intensive, but its from 2011 so plenty has changed since then, in both hours streamed and energy efficency of data centres. But the videos are getting more High definition, as HD is standard and UHD is coming.
It may be that TVs were the way to view the video as opposed to low powered smartphones with smaller screens.
https://newscenter.lbl.gov/2014/06/02/berkeley-lab-study-highlights-growing-energy-impact-of-internet-video-streaming/
An NZ company was awarded $325,000 taxpayer dollars through Callaghan Innovation for their Bitcoin platform.
As Kordia Chief Executive Aaron Olphert said yesterday:
“Please explain to me what benefit New Zealand gets out of chucking cash at yet another Bitcoin startup.”
Awaiting the answer.
Hope the CGT kills these trades here.
Not even taxed. Black money.
Maybe the answer is to get rid of Callaghan.
> Hope the CGT kills these trades here.
I’d be surprised. Isn’t the whole point of cryptocurrency that it’s hard for Governments to interfere with?
A.
IRD is working on it with Aussie IRD. Tax capture will happen.
Yes and that’s pretty much what makes it unworkable.
Currencies need to be backed by an actual economy and not just faith.
Sure it wasn’t a blockchain rather than bitcoin grant ?
Blockchain has immense potential even if they don’t resolve it’s slow transactional throughput.
Yes.
Vimba is a cryptocurrency startup.
Spark CE and Katana CE also see it as a total waste of public money.
thanks Ad, couldn’t find any det’s
Hmm our hydro is renewable how bout we close the smelter and go for gold or bitcoin anyways… could be a win both ways
Posts like this are so stupid.
Most newer datacenters are build next to rivers and use renewable power. They cool themselves using rivers or by opening up their datacenter at night to let cooler air in.
Without these datacenters, the world would cease working.
Cryptography is only getting stronger. It provides freedom and anonymity. I’m surprised you’re against it.
Don’t post topics like this when you clearly know nothing about them. I mean, ‘internet datacenters’ what are you on about?
There are only 21,000,000 bitcoins.
If the miners weren’t making money they wouldn’t be able to pay their power bill. Problem solved.
Lots of the newer ecurrencies now don’t have mining.