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By July 2019,Bitcoin will require more electricity than the entire US now uses

• bob_theslob646 9y ago
  >The total energy use of this web of hardware is huge—an estimated 31 terawatt-hours per year. More than 150 individual countries in the world consume less energy annually. It would be interesting if the article stated which countries. >And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year. This article : https://motherboard.vice.com/en_us/article/ypkp3y/bitcoin-is-still-unsustainable https://motherboard.vice.com/en_us/article/ypkp3y/bitcoin-is... In my opinion, Vice, does a much better job of explaining this phenomenon so that the reader is able to quantify the electricity usage. The author of the same article I shared above also did an article about comparing electricity consumption of a bitcoin vs a credit card transaction (https://motherboard.vice.com/en_us/article/ae3p7e/bitcoin-is-unsustainable https://motherboard.vice.com/en_us/article/ae3p7e/bitcoin-is...) >In 2015, I wrote that bitcoin had a big sustainability problem. Back then, each bitcoin transaction represented roughly enough electricity to power 1.57 American households for a day— approximately 5,000 times more energy-intensive than a credit card transaction