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Topic	NFTs are a scam right?
Paratroopa1 04/12/21 4:55:02 PM #10:	Snake5555555555 posted... So it just uses a ton more energy to transfer or something then? The long-story-made-short is that like cryptocurrency, NFTs require computers to idly use a lot of computing power to create. Roughly 0.5% of the entire world's energy consumption is currently being used to mine bitcoin - NFTs would increase this number if widely adopted. <cite>Paratroopa1 posted [p:952758367] in NFTs are a... [t:79401827]...</cite> <quote>Snake5555555555 posted... </cite> <quote>So it just uses a ton more energy to transfer or something then?</quote>The long-story-made-short is that like cryptocurrency, NFTs require computers to idly use a lot of computing power to create. Roughly 0.5% of the entire world's energy consumption is currently being used to mine bitcoin - NFTs would increase this number if widely adopted. </quote> ... Copied to Clipboard!
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