Quote from: squatz1 on May 17, 2018, 05:27:45 PM

Quote from: eternalgloom on May 17, 2018, 04:02:58 PM

I'd actually be more interested in seeing how big of a part green energy is of those statistics...
I'd imagine it could be a lot cheaper to generate your own power with either solar or wind, especially for large-scale mining operations.

What's the problem with Bitcoin mining taking up so much power? Would this be an issue if the missing capacity was filled with additional renewable energy?

I really think that in some point in the future, we're really not going to be worrying about power anymore. Once we transition to highly efficient and environmentally-friendly renewables, power consumption might not even be an issue anymore. We're still pretty far off from that, but I do think we'll get there eventually. (If we don't destroy our planet first)

I highly doubt it is much, due to the fact that most of the mining happens in cheap areas (such as China) which rely heavily on coal miniing. Which everyone knows that there is nothing, and I mean NOTHING, clean at all about coal. So if green energy has even 5 percent of an involvement in all bitcoin then I'd be insanely surprised, but it is still possible.

No one is going to be interested in being efficient when being efficient is going to cost more than not caring at all. It's sad, but people do only care about their bottom line at the end of the day. That's just how the world works. We'll see what the future holds for green energy.

Agreed. You'd think with the emergence of disruptive technology like blockchain there should be an equally as revolutionary or at the very least improvement in regards to the energy powering it. Alas, there is no such bilateral effort. Hopefully this becomes a more serious issue in the eyes of the public and we can begin looking at renawable energy for mining--it makes so much sense in the big picture. We could try using surplus energy from solar and wind sources or even look further into energy-from-waste methods.