Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is now consuming 1% of the world's electricity. Is that sustainable?
by
@Hakermania@
on 05/12/2018, 21:21:38 UTC
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?

bitcoin is sustainable entergetically? my answer is: yes. Based on a research, almost 80% of the energy used to mine bitcoins comes from renewable sources
sources: https://coinshares.co.uk/wp-content/uploads/2018/11/Mining-Whitepaper-Final.pdf (page 9)