Post
Topic
Board Bitcoin Discussion
Re: Bitcoin mining will consume all the world's electricity by Feb 2020
by
elegion
on 30/11/2017, 23:40:57 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

They forgot to mention that the advancements in Solar Power are doubling every year. These people seem to think that the current state of technology will be the same in the future as it is now, which is absolutely ridiculous and is what you call "linear" thinking. Human technology has almost reached Moore's Law of Accelerated Returns which leads to a point of Escape Velocity where the speed of innovation doubles faster and faster every year, not every two years , but every year exponentially. I honestly wouldn't read such articles by these amateur journalists who seem to have some strange globalist agenda. I would rather listen to professionals Like Peter Diamandis when it comes to this type of information, as he actually owns a company that specializes in the development of future technologies.