88.9 MEGAWATTS OF POWER PEOPLE
We can only assume that with the reward drop coming up that either hashrate will double or the price of bitcoin will have to rise. Maybe a bit of both as im speculating but regardless.
Does this seem responsible? We are basically polluting on a massive scale to make pennies on the dollar.
You have to assume at some point governments will come together to put this to an end?
I think you meant the hashrate will HALVE or the price will rise. If you have more hashrate, then will be harder to mine bitcoins.
And the total power generated by the US alone is about 4,093 billion kilowatthours of electricity, so I think the bitcoin effected on wasted energy is insignificant.
And the banking system also use computers and ATM and stuffs that use electricity, how much power they consume, for comparation?