Post
Topic
Board Bitcoin Discussion
Re: Bitcoin already using too much power by 2020?
by
pneumatic5
on 17/05/2016, 17:50:15 UTC
Proof of Stake? It solves the problem of you breaking your computer/ASIC, and using all the electricity to hash away.

But this also comes with the downside of a "nothing at risk" attack, and how with this, the ASIC market will crash.


I’m an engaged environmental researcher and have recently become a bitcoin enthusiast.These are two possibly conflicting fascinations, as previously pointed out by Christopher Malmo here at Motherboard. That’s because bitcoin is incredibly energy intensive: at the time of Malmo’s piece, he calculated that a single bitcoin transaction requires as much electricity as the daily consumption of 1.6 American households, and that number has increased since then. “Adopting Bitcoin as a major currency anytime in the next few decades,” he wrote, “would just exacerbate anthropogenic climate change by needlessly increasing electricity consumption until it’s too late.”