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Bitcoin Mining on Track to Consume All of the World's Energy by 2020

• tolbish 5y ago
  This seems incomplete without also posting the result of whether or not it consumed as much power as the entire planet did in 2017.
  • zepto 5y ago
    Pretty easy to verify that the answer is no.
    • tolbish 5y ago
      By a laughable factor?
      • zepto 5y ago
        Not laughable, no. Looks like 3 orders of magnitude.
  • Traster 5y ago
    >As of mid-May, electricity demand for bitcoin is hovering around 143 terawatt-hours, significantly outpacing electricity consumption of several countries including Argentina. source: https://www.nasdaq.com/articles/how-much-energy-does-bitcoin-really-consume-2021-05-13 https://www.nasdaq.com/articles/how-much-energy-does-bitcoin... According to enerdata [2] the world produces over 30k TWH in electricity alone. So, it's not even close. It's also worth noting that there's lots of "Bitcoin uses more energy than X countries" but it's more "Bitcoin uses more energy than each of X countries individually - not cumulatively" [2]:https://yearbook.enerdata.net/electricity/world-electricity-production-statistics.html https://yearbook.enerdata.net/electricity/world-electricity-...
• lgats 5y ago
  [2017]
• chizhik-pyzhik 5y ago
  Great example of terrible journalism around a novel technology. Here, let's extrapolate a trend in a completely absurd way for an attention-grabbing headline. Throw in some pictures, some irrelevant data about cryptomining in browser, now you have enough for an article.