LogFAQs > #958480496

https://theconversation.com/nfts-why-digital-art-has-such-a-massive-carbon-footprint-158077

"When you buy an NFT, youre buying a unique certificate of ownership, which is locked away on an immutable distributed database known as a blockchain. The creator of the artwork generally retains the copyright and in most cases, you own little more than bragging rights. Creators are also likely to pass the costs for creating your NFT files (or minting them) on to you (around US$100 as I write this).
Most of the time, what youll also be responsible for is an enormous carbon footprint.
Counting the carbon cost of NFTs
Because they depend on a blockchain, NFTs use a lot of energy. Most creators still use Ethereum, a blockchain secured using a similar proof-of-work system to Bitcoin. This involves an energy-intensive computer function called mining. Specialist mining computers take turns guessing the combination to a digital lock (a long string of random digits). The computer that correctly guesses the combination wins a reward paid in a cryptocurrency called Ether. The digital lock resets roughly every 15 seconds, and the competition continues. Ethereum uses about 31 terawatt-hours (TWh) of electricity a year, about as much as the whole of Nigeria.
Its very difficult to calculate exactly how much responsibility the NFT industry should take for Ethereums carbon emissions. Ethereum was going to run with or without NFTs. But with the growing demand for digital art, NFT buyers and sellers are becoming liable for an increasing share of Ethereums total energy use, and some artists are starting to think twice."

OK there we go. Yeesh how silly.

---

girls like my fa