It’s not just the value of bitcoin that has soared in the last year – so has the huge amount of energy it consumes.
smdiehl Because the only way to run a competitive mining operation is to use extremely cheap energy alot of operations use renewable sources. Hydroelectric and geothermal are pretty popular. There is a US based mining company that uses waste gases from oil mining operations.
“The energy wasted by plugged-in but inactive home devices in the US alone could power bitcoin mining for 1.8 years”. Without including the period of time for the home devices this quote is meaningless. Please rewrite this article, someone who understands math…
That's because bitcoin won't be like currencies which are stable. Its sounds so stupid that people are using electricity to mine something stupid as well.
Bitcoin is eco-suicide!
$BTC WILL SOON FALL TO ITS KNEES AND BOW TO ITS NEW KING AND QUEEN $XRP AND $XDC THESE 2 GONNA BE MASSIVE $BTC CANT SURVIVE IN A NEW GREEN WORLD ALL BETTER BE CAREFUL CAUSE ONCE THEY TAKE BTC OFF LIFE SUPPORT ALOT OF PEOPLE GONNA LOSE ALOT OF MONEY CRYPTOCURRENCY
This is an unintelligent perspective. There is an infinite amount of energy available to us. The question is not ‘how much’ energy bitcoin consumes, but ‘by what means’ and ‘towards what end’.
Hmmm I wonder why LaurenAratani didn’t tweet this badly reaserched bullshit article she wrote. And why the guardian turned off comments on the piece 🤐 😴🤥
smdiehl lol
And network cloud ? Apple server ? Instagram server ? Facebook server ? Snapchat server ? Twitter server ?
smdiehl Stop.
*tesla approved
Yawn... poorly researched and a lazy narrative.
'You don't understand magic coins, man'
Kind of undermines Elon Musk’s supposed green credentials. Still, so long as he can make some money from it, all is well.
🅵 🆄 🅳
Electricity need to power existing banking and financial system is more than used by entire countries.
Fake news Guardian
October 14, 2020 BoC deputy: pandemic means central banks must 'move faster' on digital currency plans | CTV News
Think of the multitude ways that capitalism destroys the planet. The guardian chooses to aim their gun at Bitcoin, an asset which takes financial power away from the banks & gives people freedom.🤔
Anybody fickle/naive enough to be suckered in by this garbage article, should ask themselves what price a state independent, global monetary network without central bank/Fed manipulation should be? Some might argue it’s worth every Watt of energy... Bitcoin BTC
But everyone loves and admires Elon Musk.
So if 18.5M of 21M possible have already been mined, there will be a point (quite soon?) where it is either no longer viable to mine more, it there are no more to mine. Does it then stop being a viable currency and crash?
At the same it is perilous for revenue system of most of the countries .
This is Bitcoin’s Achilles’ Heel; it’s not sustainable and fast becoming antiquated by more sustainable Proof of Stake blockchain technologies (e.g. Cardano)
C,D,F,M,N key Digital currencies could be supported by credit unions that openly, in a democratic & audited way, issue blocks of new currency in exchange for blocks of commodities/govt coin. Spending checks can still be blockchain based. Give a premium for baroque redemptions.
📢 All updates on Libonomy blockchain happen seamlessly, without any interruptions on the network. ✔
Aww you've upset the meat-eating, bitcoin mining, strip-mining EV earth-saving warriors.
And? What about paper money? What about airlines? What about mining? What about oil drilling? I don’t understand why the hate for Bitcoin. You know how much energy is used to bomb a city? So save it Guardian. Do yourself a favour and print facts!
What’s your angle here? Like to know
are we able to compare with gold or other references?
We better start working on the Dyson sphere than.
Good thing the guardian keeps advertising bitcoin in 15 daily articles then
So?
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.