LogFAQs > #952761401

Punnyz posted...

I understand most everything else bad with NFTs but I don't understand the "bad for the environment" thing

I mean, is it any worse than use using our phones or computers to post here right now?

if it IS worse, why or how?

It's a matter of scale.

Running the entire internet data centers is by current estimates something like 1-2% of global energy usage. So using the 0.5% number posted earlier, NFTs as much energy as 25%-50% of the internet for nowhere near the same benefit.

Also, the more NFTs are made, the harder they get to make, and the more energy they tend to require. That's baked in to the process get them to retain value by making them artificially scarce.

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I definitely did not forget to put the 2020 GOTD Guru winner, azuarc in my sig!