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Because AI and Crypto use so much electricity, what if a law was made that they had to power it with green energy? (lemmy.zip)

submitted 9 months ago* (last edited 9 months ago) by therealjcdenton@lemmy.zip to c/technology@lemmy.world

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Something on the lines of if your company facility is using over X amount of energy the majority of that has to be from a green source such as solar power. What would happen and is this feasible or am I totally thinking about this wrong

Edit: Good responses from everyone, my point in asking this was completely hypothetical, ignoring how hard it would be to implement a restriction. My own thoughts are that requiring the use of renewable energy for high electricity products could help spur the demand for it as now it's a requirement. Of course companies would fight back, they want money

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[–] GenderNeutralBro@lemmy.sdf.org 12 points 9 months ago* (last edited 9 months ago) (1 children)

And that's just Visa.

https://www.eia.gov/consumption/commercial/data/2012/c&e/cfm/pba4.php

That lists the energy usage of banking and financial office space to be 18 billion kWh, or 64.8 petajoules. (About 87x that Visa figure.)

And even that is just office space. Doesn't factor in the manufacture, distribution, transport, storage, and disposal of physical money, or any other associated costs.

[–] overzeetop@lemmy.world 17 points 9 months ago

On the flip side, global banking processes something like 5+ orders of magnitude more transactions than ETH, so even at the low end it’s 1000x more efficient than the most well known POS coin.