Quote from: ObscureBean on April 05, 2016, 08:16:36 AM

I just stumbled upon this article that claims Bitcoin could be consuming as much energy as Denmark by 2020 Shocked

Since I gave up mining in 2014, I've almost forgotten just how much electricity goes into making Bitcoins. This got me wondering whether the devs are already working on a solution to this problem. Anyone knows what the plan is?

http://inhabitat.com/power-hungry-bitcoin-could-consume-as-much-energy-as-denmark-by-2020/

Quote

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?