Projection: by 2020, Bitcoin transactions could consume as much power as Denmark
The numbers are very back-of-the-envelope and assume a worst case (that is, widespread adoption of Bitcoin and not much improvement in Bitcoin mining activity; along with long replacement cycles for older, less efficient mining rigs), but even the best case has Bitcoin consuming a shocking amount of electricity.
Blockchain isn't the only distributed ledger system, but it is the most power-hungry one. Other systems, like Merkle trees, can handle global-scale transaction ledgers on a couple of blade servers...
http://boingboing.net/2016/03/31/projection-by-2020-bitcoin-t.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+boingboing%2FiBag+%28Boing+Boing%29
Topic: [2016-04-01]Bitcoin transactions could consume as much power as Denmark (Read 251 times)
April 01, 2016, 10:02:59 AM
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