Re: Bitcoin Power Consumption

Quote from: Albert211994 on September 14, 2018, 03:05:56 PM

Power consumption of bitcoin mining keeps going up. And will continue to go up as bitcoin usage and price increases. This have harsh enviromental implications. Is there a way to reduce power consumption or are there plans to switch to a more eco-friendly way of mining bitcoin?

Care to share what harsh environmental implications you talking about?

Its possible that many bitcoin mining hardware gear in the future could be eco-friendly, like GMO Internet Launches Mining Machine GMO miner B3 With a Maximum Hash Power of 33 TH/s: Customers can maximize hash power and power consumption in their environment.

But did you know that banking consumes an estimated 100 terrawatts of power annually? So stop worrying about how much energy bitcoin uses.