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Keeping the blockchain going requires enormous amounts of electricity, which contributes to Climate Change greatly. Unless it can solve this issue, it must be s

Keeping the blockchain going requires enormous amounts of electricity, which contributes to Climate Change greatly. Unless it can solve this issue, it must be shut down for the survival of humanity.

kneel 8y ago
Electricity secures bitcoin's inherent security. It's a feature, not a bug. Seeing as most everyone's information used to access credit is available on dark sites, I'm willing to go long on cryptocurrencies.
shoshino 8y ago
> Keeping the blockchain going requires enormous amounts of electricity. When demand abates, the electricity requirements will follow.
cromon 8y ago
World energy production: 168,519TWh https://en.m.wikipedia.org/wiki/World_energy_consumption https://en.m.wikipedia.org/wiki/World_energy_consumption Bitcoin mining energy consumption: 73.12TWh https://digiconomist.net/bitcoin-energy-consumption https://digiconomist.net/bitcoin-energy-consumption Percentage: 0.0433897661% I wish people would actually do some research before making hyperbolic statements like this. edit (percent fix and formatting)
- prolikewh0a 8y ago
  Do you know how large 73TWh is? 0.04% is huge when compared to total energy consumption
  - cromon 8y ago
    I don't find it large compared to other uses of electricity that waste large amounts, or other forms of pollution that don't provide any use to the world. If you find it useless then sure vilify it, but not everyone feels that the creation of an entire industry that has allowed certain people financial freedom is a drain. I feel there are much bigger fish to aim an ecological spear at. (updated the previous comment to show production not consumption btw)
    - prolikewh0a 8y ago
      I'm not singling out Bitcoin at all. I think all polluters need to become carbon neutral or quit existing. It's a part of the problem, no matter how small of a percentage of pollution it is.

Keeping the blockchain going requires enormous amounts of electricity, which contributes to Climate Change greatly. Unless it can solve this issue, it must be shut down for the survival of humanity.

kneel 8y ago

Electricity secures bitcoin's inherent security. It's a feature, not a bug. Seeing as most everyone's information used to access credit is available on dark sites, I'm willing to go long on cryptocurrencies.

shoshino 8y ago

> Keeping the blockchain going requires enormous amounts of electricity. When demand abates, the electricity requirements will follow.

cromon 8y ago

World energy production: 168,519TWh https://en.m.wikipedia.org/wiki/World_energy_consumption https://en.m.wikipedia.org/wiki/World_energy_consumption Bitcoin mining energy consumption: 73.12TWh https://digiconomist.net/bitcoin-energy-consumption https://digiconomist.net/bitcoin-energy-consumption Percentage: 0.0433897661% I wish people would actually do some research before making hyperbolic statements like this. edit (percent fix and formatting)

prolikewh0a 8y ago
Do you know how large 73TWh is? 0.04% is huge when compared to total energy consumption
- cromon 8y ago
  I don't find it large compared to other uses of electricity that waste large amounts, or other forms of pollution that don't provide any use to the world. If you find it useless then sure vilify it, but not everyone feels that the creation of an entire industry that has allowed certain people financial freedom is a drain. I feel there are much bigger fish to aim an ecological spear at. (updated the previous comment to show production not consumption btw)
  - prolikewh0a 8y ago
    I'm not singling out Bitcoin at all. I think all polluters need to become carbon neutral or quit existing. It's a part of the problem, no matter how small of a percentage of pollution it is.