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And every four years it will double in price, and right now it consumes 0.5% of all electricity, which means in 56 years it will consume 82% of all electricity,
by Shorel 4y ago
And every four years it will double in price, and right now it consumes 0.5% of all electricity, which means in 56 years it will consume 82% of all electricity, assuming we produce roughly the same electricity as today.
Is this your argument?
- kaba0 4y agoIt consuming 0.5% is already such an absolutely huge red flag that I really can’t fathom any reason to continue with it.
- quickthrower2 4y agoNot really. It is more immediate than that. Right now we heavily rely on CO2 emitting power generation. And if bitcoin becomes wildly successful, or simply gets into another bubble, while trying to combat climate change, and it stays on PoW that is an issue.