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I dont assume that bitcoin is only powered by coal. Some website mentioned 85%. With its 150 TWh it uses thats a 130TWh in from coal power plants. Thats about 2
by rspoerri 5y ago
I dont assume that bitcoin is only powered by coal. Some website mentioned 85%. With its 150 TWh it uses thats a 130TWh in from coal power plants. Thats about 24 Coal power plants that could be shut down, if bitcoin would disappear today (usa has 241 coal power plants with approximately 1300 THw produced). I do think that will make a difference, especially because the power demand of bitcoin is getting worse.
- celticninja 5y agoYou stated exactly that: >Everybody mining bitcoin is using the cheapest energy source available which currently is coal. 'Some website said...' some other website said vaccines will make my arm magnetic. Doesn't make it true. Don't spout nonsense just because you agree with it, check the veracity of the statement first. >Thats about 24 Coal power plants that could be shut down, if bitcoin would disappear today No they wouldn't. They existed before bitcoin, they will exist even if bitcoin is outlawed and shut down. The demand would come from elsewhere, but if you understand power generation you would also know that gas and coal power stations are used to keep a base level of power on the grid, solar doesn't generate at night and wind doesn't always blow. Hydro power cannot be transported everywhere it is needed. So coal, gas and nuclear make up the rest. Until we get better storage they will continue to be used and required. Honestly this comment of yours has just highlighted how little you know about the subject. You don't even mention which website but I can guess it's digiconomist, which has been debunked before. That site relies on showing extreme figures to get page views.