Even in the optimistic scenario, just mining one bitcoin in 2020 would require a shocking 5,500 kWh, or about half the annual electricity consumption of an American household, says Deetman. I havent given up on the idea of distributed network transactions, but a radical rethinking of how these may be secured would be beneficial, be it at least for the environment. Solar-powered Bitcoin farm: a worthy investment?
For sake of argument, even if ALL the cryptocurrency miners were powered by solar, wouldn't it take close to the same amount of electricity usage to produce, transport, install, etc. for the implementation?