Post
Topic
Board Bitcoin Discussion
Merits 3 from 2 users
Bitcoin is now consuming 1% of the world's electricity. Is that sustainable?
by
Satosho Kakamolto
on 29/08/2018, 20:24:59 UTC
⭐ Merited by September11Myth (2) ,Photographer (1)
One year ago Bitcoin's network was consuming as much energy as Ireland. Now it has apparently doubled and now it is consuming 1% of the world's total electricity consumption.

https://digiconomist.net/bitcoin-energy-consumption

This, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:

https://digiconomist.net/bitcoin-energy-consumption

What is likely to happen next? Which are your thoughts?