This research took a little time, so I would really appreciate if you at least take some time to read it even if it kills you to read this long winded novel.
2nd. BTC uses up roughly the same power per transaction but only 1/3 of total transactions done by ETH.
However , The centralized corporate media FUD surrounding the ETH , and BTC power usage falls flat on its face.
I will explain.
Starting with ETH.
Assuming these movies averaged 1.5hr each. That’s 12hours of streaming!
###”How much power could it possibly take to stream our movies?, Surely it can’t be more than that Evil Crypto thing all those selfish people do?”, said Nancy Know Nothing, and her gluten free husband Nick Know it All.
Well let’s take a look!
###Researchers at lancaster university found a 2-hour stream equates to boiling 10 KETTLES of tea.
###Each kettle of water uses 1KWH to boil.
Nancy Know Nothing bragged about 12hrs of streaming, then joined the cancel culture group to tell you evil crypto users you’re hurting the environment. That’s boiling 60 kettles of water. She used 60KWH! Wow and highly likely she also boiled water that day. Maybe, maybe not. Many people enjoy relaxing with a hot cup of tea while watching a movie.
###An ethereum transaction uses 48.14KWH.
but not per household. Or maybe per crypto user? No. That’s ludicrous. Instead all this power per transaction is divided amongst many computers at many locations. And those giant farms. 😆
**Now, let’s compare the power needed of ETH transactions per day on the Eth network with the power needed to stream movies per day.**
During this bull run, we average about 1.2 Million ETH transactions per day. “During a bull run”.
##This is total worldwide transactions.
Not US, not Europe. Total Worldwide
That’s 1.2M at 48.14KWH.
1.2M x 48.14 = 58.09M KWH per Day. Seems like an insane amount right? Not really if we are comparing this to worldwide energy needed.
Now let’s look at streaming movies.
###According to a Statista survey in the US.
25% of adults ages 18-29 said they streamed at least one movie per day in the early part of 2020.
These aren’t even figures during full lockdown which we all know is probably way higher. But let’s just stick with the survey for the early part of 2020. I don’t want to add to much confusion.
###There are 53.7 Million adults 18-29 in the US.
**At 25% that’s 13,400,000 adults ages 18-29 streaming at least one 1.5HR movie per day.**
I’m not even considering those who streamed 2,3,4 or 8 movies like Nancy Know Nothing bragged about that day.
I’m also not considering everyone aged 4-17 and 30-XX years old who streamed movies.
Let’s keep it stupid simple.
**13,400,000 x 1.5hrs = 20,100,000Hrs per day streaming movies in the US ALONE and only for the age group 18-29. and Sorry I have to keep repeating that. I’m sure some non crypto users are choosing to block that fact out of their head due to biases. Maybe some might call it a racist fact. That wouldn’t surprise me much these days.**
So we have 20,100,000 Hours of streaming.
According to researchers we had 10 kettles of tea per 2 hrs of steaming, and each kettle using 1KWH. 1hr of streaming would be 5 kettles or 5KWH.
20,100,000hrs x 5KWH = 100,500,000KWH per day.
– JUST IN THE US ALONE.
– JUST AGES 18-29
– JUST CONSIDERING THEY STREAMED ONLY ONE 1.5HR MOVIE PER DAY.
Compare this 100,500,000 KWH to total worldwide ETH transactions per day.
###100,500,000KWH Steaming Just 18-29 in US per day.
###58,090,000KWH in ETH transactions per day DURING A BULL RUN!
Holy shit. Just that age group in the US. Not only that. Most of that profit is going to just a couple of big tech corps. Profits from ETH are being spread out amongst millions of regular people (and some rich mining farm owners). Close to a million. But at least a few hundred thousand. Still better than going to the pockets of just a couple big tech corps.
If we calculated exact numbers for every age around the world for streaming per day. You can bet your ass we are in the Billions of KWH per hour.
###BILLIONS in KWH! and all streaming profits go to a handful of powerful corporations.
World wide Ethereum network power usage isn’t even close to competing in power usage.
Not even close.
This is what the world is. This is what centralized control is about.
The real Truth. The cold honest truth is that those who are “pro-centralization” that “don’t do the evil crypto thing” are eating up more power steaming propaganda filled movies than those who “do the bad crypto thing”, and are Pro-Decentralization.
**Streaming statistic source**:
**Steaming power usage source**:
**ETH daily transactions source**:
**Eth transaction power usage per transaction source**:
Quick Note: we average 300K BTC transaction per day worldwide. BTC transactions use roughly the same power per eth transaction.
Still, combing these two cryptos isn’t even near to the power used by US streaming movies for 18-29 age group.
We can even add Litecoin which averages today about 90K. Worldwide usage with these 3 still isn’t even close to that age group in the US.
Remember: I only considered one 1.5hr stream. We all know at least 5% are steaming more than that.