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-consumptionThis, 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-consumptionWhat is likely to happen next? Which are your thoughts?
This is a topic that should have discussed previously but I am glad we are doing it right now because the main idea to implement Bitcoin in the world is to provide a efficient and effective transactional method with better security and less interrupt but even it has achieved today the concept of sustainability and to reduce of energy consumption was some what abundant until this year I saw many projects regarding sustainable and power saving Bitcoin mining methods so the above is true but it doesn't mean that BItcoin should not be used because the bad effect can be reduced using today technology