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RE: Bitcoin Mining - A Critical View On Its Environmental Impact!

in #bitcoin7 years ago

YES

Seems the electricity consumption of Bitcoin is a bit more on various sites like :

greenmedia: https://www.greentechmedia.com/articles/read/bitcoin-uses-more-energy-than-ireland

and

ArsTechnica: https://arstechnica.com/tech-policy/2017/12/bitcoins-insane-energy-consumption-explained/

They boast that it's 32TWh .. so 4 times more than you state. Surpassing already Ireland and most African countries.

Every Bitcoin transaction consumes a whopping 250kWh, 9 days of powering an average home (true enough).

If it only expended that energy for something useful then it wouldn't be so obsolete like the tulip bulb it now is.

For alternatives try Gridcoin [GRC], Solarcoin [SLR] and more that require way less resources and/or produces a very benign effect to society like research or promoting alternative energy.

For faster transactions and lower fees try the other 1000 altcoins that exist...

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Yeah the power consumption is quite shocking to be honest. But it´ll go on like that I think as Bitcoin is here to stay. Let´s just hope it´ll get more efficient and less energy consuming any day soon :)