Post
Topic
Board Bitcoin Discussion
Re: Why BTC POW is technically moving towards an dead end
by
konfuzius5278
on 23/02/2022, 18:58:36 UTC
to add to this.
gold uses 100% dirty fuel (diesel for excavators and sluice machines)

at a cost of $900 per ounce
mining 97003000 ounces a year
= $87,302,700,000 of dirty energy spend

lets go with a low average rate of non renewable energy spend on bitcoin mining of 50%(its between 10%-35% dirty, but lets highball it)
well it costs about $183,746.45 an hour in electric at $0.04/hwh
=$1,609,618,902
so thats $800m bitcoin dirty spend vs $87bill gold dirty spend

gold mining is 109x more dirty than even a conservative estimate of mining bitcoin.(more like 150x-500x)
but do you hear environmentalists complain about the fumes from diesel excavators as they rip up land and dig holes in the environment 109x louder than they shout about bitcoin?
sorry off topic :-)