Post
Topic
Board Press
Re: 2018-05-17 Bitcoin Mining To Use 0.5% Of World’s Energy By End Of 2018, Peer-Rev
by
richardsNY
on 17/05/2018, 17:29:55 UTC
In mid-February, it was reported that crypto mining in the country of Iceland would consume more energy than households in 2018

What's the source of the electricity in Iceland? Geothermal renewable Roll Eyes

Ssst... Don't ruin how much effort was put into this article. Cheesy

Seriously, from everywhere we start seeing how much of a hypocrite they are when it comes to Bitcoin and the power it consumes. In most modern countries, or at least those with developed infrastructure, have so much overcapacity when it comes to power, that it either gets sold to the few bidders (because it simply isn't wanted that much) who buy it because it's cheap, or it blatantly goes to waste. Miners are very reliable power consumers, which grants power suppliers to deliver them a very accurate amount without having much waste, which is in my opinion also in benefit of the environment. Households on the other hand are very unreliable when it comes to the amount of power they consume as a whole, from where more power goes to waste than anything else. So who exactly is worse here?