Post
Topic
Board Bitcoin Discussion
Re: Bitcoin mining will consume all the world's electricity by Feb 2020
by
Vitolife
on 30/11/2017, 20:40:37 UTC
So what do you guys think ? According to this it will happen before the next bitcoin halving which is due in (12 Jun 2020)

https://www.dailysabah.com/finance/2017/11/27/electricity-used-in-bitcoin-mining-surpasses-power-consumption-of-159-countries
This is just FUD, the ASICs miners are being improved with every generation - they have higher hash rate and lower power consumption. Yes, the energy needed to mine botcoin would increase - this of course would contribute to the price growth of the bitcoin, but with the advancements in hash power of the devices, this scenario is just FUD and clickbait.