I was reading an article which explains that bitcoin might be able to run on a clean energy technology to avoid claims such as bitcoin uses a lot of energy which increases the global energy consumption.
It says that bitcoin can run its functions using decarbonized energy systems and is merely being over criticized. While other industries are producing the most carbon emission, the critics are after bitcoin!
My question is that what other forms of energy is bitcoin using for its mining?
Are there any other possible solutions to decrease bitcoins energy consumption?
https://theconversation.com/stop-worrying-about-how-much-energy-bitcoin-uses-97591I want to answer this question but in comparison methode. Still energy that used for bitcoin is much lower than energy that bank have been use. Bank consume electricity for their office, ATM, internet banking and money(to pay their employees, operational and to manage money). We know that mining activities need cooling, so if those minning industries are move to areas near the poles that are still has electricity supplay then the energy can be reduced because no need electricity for cooling. Is this make sense?