Do you realize how bad btc is for the environment?
When some members did calculations of how much total energy consumption per year is needed for BTC to function, the figures were so negligible that it is really ridiculous when compared to what other sectors (eg banking) spend.
Uses ~90twh per year, that’s nearly the entire energy usage of the Philippines. ~double that of Portugal.
There is no doubt that this is a large amount of electricity, but again most crypto miners are concentrated around systems that produce so-called green (renewable) energy. Although some may live in the belief that it is really green energy, in order to create the conditions for its production, drastic changes are taking place in the environment that significantly affect people and animals. However, the amount of electricity that is literally thrown away is far greater than the total consumed by BTC, here are a few posts that perhaps best illustrate this.
If Bitcoin technology were to mature by more than 100 times its current market size, it would still equal only 2 percent of all energy consumption.
Exactly, These Fudsters need something better than "Bitcoin is causing the climate change!" It's not you dumbfucks! At least get your numbers right. More energy is being wasted around than what Bitcoin's network uses for the whole year.
On Average an American wastes around 283 KW of energy each month.
Multiply that by 12 months, that's 3396 KW of energy wasted for a year!
Let's take the least favourable figures and say only 50 million Americans waste this much energy all year round. That's around 169800000000 KW of energy wasted which translates into 169.8 TW of energy wasted each year! While Bitcoin's Network hardly uses 75 TW of energy for the whole year.Anybody complaining about Bitcoin using too much Electricity or is causing the climate change needs to check up with a doc, Cuz Numbers don't lie hun!
Let's beat this with actual statistics, I think it's pretty obvious this person doesn't really understand anything about what she is talking about anyway.
Going off a graphic, it seems in 2018 the world used 200,000 (TWH), and following the usually % increase in electricity cost, it's fair to say that ~ 84.23 TWH has been used in 2019. Now, I am using a tool created by students at Cambridge university -
https://www.cbeci.org/.
With the current bitcoin network power (which keep in mind, is even higher then the network power last year), it estimates that 10-11 GW is being used a year for bitcoin network power. 0.042% of electricity... That is not a much, compared to how much % other services take up.Everytime u trade btc u are basically killing a few chipmunks (or equivalent weight of other animal/s).
If you're going to look at it from that angle, then know that every time you turn on your computer, drive your car or use an ATM you're doing harm to the environment - but that's the price we all pay to live the way we live today.