Quote from: wiebemarten on November 16, 2017, 10:38:17 AM

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Quote from: Kakmakr on November 16, 2017, 07:04:54 AM

Quote from: Borilla on November 15, 2017, 04:12:17 PM

Quote from: Carlton Banks on November 15, 2017, 12:17:25 PM

You haven't explained why energy consumption is such a problem for you.

because i have a consciousness and many hesitant adopters too

because economically btc transactions cost way more in electricity than their fees and btc owners pay them all indirectly

sorry I thought all these were obvious

Many of these "hesitant adopters" are being brainwashed by mainstream media. Have they ever considered how much electricity are being used by PayPal or Credit card companies and even Banks, compared to Bitcoin. Here we are not just talking about the electricity to hash or process the transactions.

These companies will quickly respond to media queries and tell them that their mainframes are only using a fraction of the processing power than what BTC is using, but they do not include the hidden "operating" cost. They have several offices and these offices have air-conditioning and lightning and lifts and coffee machines and photo copiers and printers and computers and I can go on and on. < Compare that to some of these mining farms, where they have one or two buildings with 3 to 5 people running the operation >

If you want to compare, then you have to compare Apples with Apples. ^smile^

The Bitcoin blockchain currently consumes more energy than the total consumption of the state of Ireland. The total energy consumption of even a concern-size company, even including energy consumers like airconditioning, heating, lifts, coffee machines and photocopiers, will be FAR below this.

~Wiebe-Marten

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Remember Bitcoin is the alternative to many companies < PayPal / Banks / Master Card / VISA / Western Union / MoneyGram > so you have to take into account their combined electricity consumption, compared to Bitcoin operations. The idea is to replace them with a improved alternative.

All of these companies have branches in every city and town.

How much electricity are used to manufacture fiat currencies? < Mining the resources and creating coins & paper money? and how many trees are cut down to manufacture the paper they use in these offices > Roll Eyes

How much surplus electricity are generated globally? Example : https://www.qewc.com/qewc/en/index.php/qewc/77-gulf-times/105-2700mw-of-surplus-electricity-produced