this post was submitted on 09 Feb 2024
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Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption (www.tomshardware.com)
submitted 2 years ago by misk@sopuli.xyz to c/technology@lemmy.world
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[–] S410@kbin.social 1 points 2 years ago

I, personally, use crypto to do art commissions (I'm an artist) and to pay my VPS's rent. Neither is an illicit good or related to money laundering.

And, honesty, it's pretty great, compared to alternatives.
Last time I've used PayPal, it decided to withhold the funds for a month, for whatever reason. Plus, the transaction fee was about a dollar.
Transferring the same amount of money via Monero is guaranteed take only about a minute or two to process, since a transaction in that system would never get withhold, plus the processing fee would be about a hundred times smaller.