Post
Topic
Board Bitcoin Discussion
Re: Correlation between mining costs and Bitcoin value and ecological nightmare
by
flug
on 30/06/2011, 15:04:10 UTC
In summary.. if bitcoin becomes a major world currency its price will soar -> mining rewards will soar -> amounts spent on mining will soar -> amount of energy consumed will soar -> number of power stations will soar.
Yes that connection is indisputable - as for the exact numbers and the timeframes our opinions diverge, so lets settle with that Wink

Yeap, I'll go with that. It was bugging me that I'd seen a potentially serious problem, and it wasn't being sufficiently acknowledged. As long as we're all aware of it, and factor it in to our predictions for the future of Bitcoin (i.e. Bitcoin is not infinitely scalable without cost), all is good.