Quote from: KingScorpio on October 07, 2018, 07:49:11 PM

Quote from: Satosho Kakamolto on August 29, 2018, 08:24:59 PM

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?

no its actually embarassing,

that 1 bitcoin transaction needs the electricity of a european houshold in 2.5 weeks

More than embarassing that is unsustainable. And when something is unsustainable, it usually doesn't last forever.

LeonardoDiCrypto

Posts

Merits