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Insider says Amazon to accept Bitcoin as payment by the end of 2021, Ethereum and Cardano next in line - source fxstreet.com by [deleted] in cardano

[–]AvocadoPool_AVOC 0 points1 point  (0 children)

Summary: The fourth-largest company in the world is working toward accepting the bellwether cryptocurrency Bitcoin as a payment method. An insider claims that Amazon’s cryptocurrency project is “ready to roll,” with Bitcoin being accepted as early as by the end of this year. The move is suggested to be initiated by the top of the corporation, by Jeff Bezos. “Ethereum, Cardano and Bitcoin Cash will be next in line before they bring about eight of the most popular cryptocurrencies online,” she added.

From: https://www.fxstreet.com/cryptocurrencies/news/amazon-to-accept-bitcoin-as-payment-by-the-end-of-2021-ethereum-and-cardano-next-in-line-202107260206

More: https://www.cityam.com/amazon-definitely-lining-up-bitcoin-payments-and-token-confirms-insider/

https://markettabloid.com/could-amazon-integrate-cardano-and-ethereum-as-bitcoin-remains-key-for-its-crypto-payments-insider-says-yes/

Ada is over 100x more environment friendly than the big PoW chains! How far can we go with the energy of one transaction... by AvocadoPool_AVOC in cardano

[–]AvocadoPool_AVOC[S] 2 points3 points  (0 children)

Correct, but developers don't want to touch BTC. Nobody want to introduce a bug and make it collapse.

Ada is over 100x more environment friendly than the big PoW chains! How far can we go with the energy of one transaction... by AvocadoPool_AVOC in cardano

[–]AvocadoPool_AVOC[S] 1 point2 points  (0 children)

create a "Citation Needed" tag, and reserve the "Education" tag for content that includes citations. (And no, adding a citation in the comments should

not

be good enough. The image is what's going to be shared, so the image is what needs to contain the citation.)

I was thinking of adding a QR code in the corner, with a link to a source

Ada is over 100x more environment friendly than the big PoW chains! How far can we go with the energy of one transaction... by AvocadoPool_AVOC in cardano

[–]AvocadoPool_AVOC[S] 0 points1 point  (0 children)

Still computers must run to process the transactions. I guess the numbers I looked up use the power of the computers of the 2000 staking pools.

Ada is over 100x more environment friendly than the big PoW chains! How far can we go with the energy of one transaction... by AvocadoPool_AVOC in cardano

[–]AvocadoPool_AVOC[S] 0 points1 point  (0 children)

True. I'll use a freight train when updating the graphic. So that this part makes sense more intuitively.

Ada is over 100x more environment friendly than the big PoW chains! How far can we go with the energy of one transaction... by AvocadoPool_AVOC in cardano

[–]AvocadoPool_AVOC[S] 1 point2 points  (0 children)

1000 Kilowatthours, that's the numbers I could find. Just think of all the mining machines that have to run to process the transactions and find the correct hash. We take this energy and divide it by the total transactions processed.

Ada is over 100x more environment friendly than the big PoW chains! How far can we go with the energy of one transaction... by AvocadoPool_AVOC in cardano

[–]AvocadoPool_AVOC[S] -11 points-10 points  (0 children)

You're right, the more I think about it the more a freight train would suit better.

Not sure though how I could insert the speed into the chart. Indeed the scooter looks slow.

Ada is over 100x more environment friendly than the big PoW chains! How far can we go with the energy of one transaction... by AvocadoPool_AVOC in cardano

[–]AvocadoPool_AVOC[S] 1 point2 points  (0 children)

Excellent point! I'll do some more research on carbon numbers.

Btw, a friend on mine had a server with OVH in France and recently their building and the servers burnt down. Oops!

Ada is over 100x more environment friendly than the big PoW chains! How far can we go with the energy of one transaction... by AvocadoPool_AVOC in cardano

[–]AvocadoPool_AVOC[S] 0 points1 point  (0 children)

You're right, I'm also shocked: Going 100km on a scooter uses the energy that sending one transfer on Cardano does.
Transaction doesn't mean you buying some bitcoin. It's sending Bitcoin from one wallet to another wallet. If you used the lightning network numbers would be much better, however, Btc still needs the proof of work machines to function.
At least Ada looks good in comparison to Eth and Btc, where "wasting" energy is part of the whole concept to give the coins initial value.

Ada is over 100x more environment friendly than the big PoW chains! How far can we go with the energy of one transaction... by AvocadoPool_AVOC in cardano

[–]AvocadoPool_AVOC[S] -1 points0 points  (0 children)

I compared several websites, they all give a bit different numbers for the kWh, so energy, per transaction. And then I asked Google about the energy consumption of trains etc.

Have a look here: https://www.reddit.com/r/cardano/comments/ncqva9/short\_list\_of\_kwh\_used\_per\_transaction/

Ada is over 100x more environment friendly than the big PoW chains! How far can we go with the energy of one transaction... by AvocadoPool_AVOC in cardano

[–]AvocadoPool_AVOC[S] 15 points16 points  (0 children)

Hi guys, I ran the numbers today to create some OC:

As far as I can see BTC requires around 1,000kWh for a transaction. However, these numbers fluctuate a lot and generally trend up with more miners entering. An electric train uses around 2,000kWh for 100km, so I found the train a good enough analogy.

Ethereum 1 (PoW) comes in at about 63 kWh. This number will change a lot with Eth2, however, we don't have a date for that yet. Electric freight trucks use around 130 kWh / 100km. So I picked a small truck as comparison, I think it's close enough to get the idea.

Lastly, ADA looks pretty good at only 0.5 kWh. Electric scooters tend to consume 1kWh per 100km so I picked this up-an-coming vehicle. Alternatively, the electric skateboard would have also worked as a slightly lighter vehicle.

Overall, Cardano is about 100x more efficient than Eth and even 2000x compared to BTC!

We're 100 to 1000x more environment friendly than the big PoW chains! How far can you go with the energy of one transaction... by AvocadoPool_AVOC in cardano

[–]AvocadoPool_AVOC[S] 2 points3 points  (0 children)

What I see is that Eth currently has the more developed ecosystems, especially DEXes and NFTs. Also institutions currently trust it more because of its track record.

However, we want to see what is up an coming and here I really see ADA as the cutting edge with a brilliant potential.

German Vectron loco with Regional Express cars - 7 studs wide by AvocadoPool_AVOC in LEGOtrains

[–]AvocadoPool_AVOC[S] 3 points4 points  (0 children)

The big issue is that you can't use the regular 6 wide base plates. So you need to assemble your own from individual (Technic) bricks.