Who cares? It's just an arbitrary comparison. Who's to say Mcdonald's doesn't consume more electricity worldwide than they use in Denmark? That's what makes bitcoin worth something. No miner is going to sell at a loss, or if they do they'll stop mining!!
selfish miners and people who keep consume big power or electricity will said that,dont care about anything they spent,but i'm sure many people care about this,and power resource should be can renewal,because we will not life forever,we have child in fuure who need use this power too. 
Topic: Bitcoin could consume as much electricity as Denmark by 2020 (Read 1851 times)
The findings show that the more optimistic scenario, the increase in the consumption of electric energy Bitcoin network will increase from 350 MW to 417 MW. If the development goes a pessimistic way, by 2020 cryptocurrency network will spend about 14 GW Power.
We arranged so that it is difficult to assess any large-scale processes and compare them with each other. However, the world around us is something that people do every day. They buy iPads include dishwasher, leave your TV on so the cat was not alone when they are not home. And they Mein Bitcoins. And I'm quite difficult to find the cause for which they are doing all these foolish things and thoughtlessly wasted wasting the resources of our planet around the world, with all of this mass action is isolated and it is Bitcoin show a finger on it at him.
Besides, these days Bitcoin - is not the only model, which requires more and more energy. Peoples Daily use smartphones, tablets and other electronic devices that need to be regularly recharged. Electricity consumption is growing worldwide, and Bitcoin considered too energy-intensive - is to think limited.
PS
Do the same calculation for banks, as there is spent on maintenance of electricity infrastructure.
Bitcoin after that will seem "green technology"
We arranged so that it is difficult to assess any large-scale processes and compare them with each other. However, the world around us is something that people do every day. They buy iPads include dishwasher, leave your TV on so the cat was not alone when they are not home. And they Mein Bitcoins. And I'm quite difficult to find the cause for which they are doing all these foolish things and thoughtlessly wasted wasting the resources of our planet around the world, with all of this mass action is isolated and it is Bitcoin show a finger on it at him.
Besides, these days Bitcoin - is not the only model, which requires more and more energy. Peoples Daily use smartphones, tablets and other electronic devices that need to be regularly recharged. Electricity consumption is growing worldwide, and Bitcoin considered too energy-intensive - is to think limited.
PS
Do the same calculation for banks, as there is spent on maintenance of electricity infrastructure.
Bitcoin after that will seem "green technology"
Bitcoin is a big currency.
Been a few energy source related threads talking about how power is to intensive and draining the grids.
The innovation is not lacking and I think we will be able to jump this hurdle as it comes closer. Musk has batteries that are going to change the whole system for good,its going to be a world changer!
The innovation is not lacking and I think we will be able to jump this hurdle as it comes closer. Musk has batteries that are going to change the whole system for good,its going to be a world changer!
What has this place come to, even the trolls are low rent these days. Come back Franky, come back jonald fyookball, we miss you 
Quote from: roadtomorrocco
Lol @ "significant minority," wtf makes it significant?
Most mining is done in China. "80 percent of [China's] electricity production come from coal" (http://www.chinafaqs.org/blog-posts/what-future-king-coal-china)
Most mining is done in China. "80 percent of [China's] electricity production come from coal" (http://www.chinafaqs.org/blog-posts/what-future-king-coal-china)
Being more than single digits in percentage terms is a rule of thumb for a valid significant minority. Extra-Sino mining is about 40%. Why you're quoting figures about how China's electricity sources break down I don't know, what I said depended on China using mostly fossil fuels for power and constituting 60% of the BTC mining market. You have proved precisely nothing.
>Extra-Sino mining is about 40% <==source?
>Being more than single digits in percentage terms <==source?
And those "Extra-Sino [sic & lol, dig the big brain on Carlton
] mines? They're mostly fossil fuels too 
i never think about it. i think its not more than a usual bank cosumption. it nothing in term of business, marketing, so think its not such a big issue to discuss it so deeply. therefore no need to worry that it will effect the atmosphere
It is a problem and with countries like china/india working very old factories, but also the US with their oil consuming cars, it will be devastating if this will not come to an end. I am positive we will feel it.
i never think about it. i think its not more than a usual bank cosumption. it nothing in term of business, marketing, so think its not such a big issue to discuss it so deeply. therefore no need to worry that it will effect the atmosphere
Big Oil nowadays is more like Bankrupt Oil. Perhaps we should change the name to reflect the fall from $150 down to $40 a barrel.
Exactly. All the changes to the energy market have been broadly predictable for the past 40 years, and these big corporations aren't just going to pack up the shop and go home. And what a big surprise that the more they run out of profitable assets to sell, they try to sell the one thing they have left: bullshit
Big Oil nowadays is more like Bankrupt Oil. Perhaps we should change the name to reflect the fall from $150 down to $40 a barrel.
They're not bankrupt yet, most of the countries with massive oil exportation businesses are siting on top of piles of money, they might just be downsizing for the interim while the value of Bitcoin is low.
Big Oil nowadays is more like Bankrupt Oil. Perhaps we should change the name to reflect the fall from $150 down to $40 a barrel.
All energy's gonna have to switch to renewable for miners to do the same unless they can find a source that's alot cheaper than normal.
A significant minority of miners already source renewable electricity from places like Iceland, Sweden and Washington state. You clearly know little about the mining market today, let alone the future market.
Lol @ "significant minority," wtf makes it significant?
Most mining is done in China. "80 percent of [China's] electricity production come from coal"
http://www.jamaicaobserver.com/assets/11416106/pollution.jpg
All energy's gonna have to switch to renewable for miners to do the same unless they can find a source that's alot cheaper than normal.
A significant minority of miners already source renewable electricity from places like Iceland, Sweden and Washington state. You clearly know little about the mining market today, let alone the future market.
I don't think they give much of a shit about their carbon footprint.
Neither do I or the rest of the world's thinking apes. If you want to pay money to Big Oil for the privilege of being able to breathe air, that's your problem.
All energy's gonna have to switch to renewable for miners to do the same unless they can find a source that's alot cheaper than normal. I don't think they give much of a shit about their carbon footprint.
There is broad scientific consensus that athropogenic climate change is real. Solve by inspection problem if you look at any ice cores covering past 20k or so years.
That said, the contribution of Bitcoin to anthropogenic climate change is entirely trivial. Removing Bitcoin will NOT solve or substantially reduce the scope of the problem. Moving to renewable energy sources for electricity generation is the answer. Nuclear, solar, geothermal, etc...
That said, the contribution of Bitcoin to anthropogenic climate change is entirely trivial. Removing Bitcoin will NOT solve or substantially reduce the scope of the problem. Moving to renewable energy sources for electricity generation is the answer. Nuclear, solar, geothermal, etc...
Who cares? It's just an arbitrary comparison. Who's to say Mcdonald's doesn't consume more electricity worldwide than they use in Denmark? That's what makes bitcoin worth something. No miner is going to sell at a loss, or if they do they'll stop mining!!
he calculated that a single bitcoin transaction requires as much electricity as the daily consumption of 1.6 American households, and that number has increased since then. “Adopting Bitcoin as a major currency anytime in the next few decades,” he wrote, “would just exacerbate anthropogenic climate change by needlessly increasing electricity consumption until it’s too late.”
Thanks to those who want to keep Bitcoin BlockSize limit artifcally low, single bitcoin transaction has to cost a lot of elecricity. It just show how short sighted the small blockers are, if you increase BlockSize and number of transactions in the block, the electricity consumption stay the same whether you mine 1 MB or 10 MB blocks...
I agree with this. But the small blockers have their own agenda - they arn't interested in scaling nor in the environment or anything else. I honestly feel that after the halving we'll see a dramatic decrease in price as people start voting with their wallets.
Big blocks don't scale at all, so your argument is literally complete nonsense. It's laughably ironic that you claim an interest in scaling and the environment, yet display gaping ignorance on both topics. So, here is the reality on big blocks and anthropogenic climate change (aka "the weather" lol)
Anthropogenic climate change is a scam, perpetrated by the big oil/energy corporations that intend to sell you the carbon credits that they will be the sole vendors of. You can buy that if you want to Alyssa, but I'm not that foolish.
Big blocks literally do not change the scale that the Bitcoin network operates on, it increases the throughput, but not the scale. Your words are reckless, badly informed and malign the expertise of those that actually have some. Because, as has been discussed before, the big holders of Bitcoin decide the fate of BloatedBlock forks in the markets, and guess what? Your BloatCoin fork will get short sold right into the dirt.
So, I did some math on that prediction, and if all mining is done in China with an average of 80 dollars per MWH, just to pay the electricity one bitcoin has to be worth 15573,33 USD, this is with no profit.
I wouldn't mind such a thing but I think the author is being way too optimistic.
I wouldn't mind such a thing but I think the author is being way too optimistic.
As the time pases, Miniing gets difficult and consumes more electric power, this in fact use more electricity but but i still doubt this statment.
Bitcoin could consume as much electricity as Denmark by 2020
Bitcoin could consume as much electricity as Denmark by 2020
Gosh, the bitcoins are conquering the Universe! I can't believe it's all so interconnected - the energy and the web-coins. However, we all should be honest with that: there should be some damages to the world with what we earn and how we do it. Web-money is yet on its way to show the full power of our life. That's why I try being more old-fashioned and pragmatic with my finance. The making money on the Internet is very easy and cool work because you have such excellent opportunity to dispose of your time such as you need, and have a lot of time for your friends and other important deals! I’m experienced freelancer and know about such kind of this perfect work enough. The main in it – right and reliable payment system, because thanks to the superb payment service you will sleep well not worrying about the safety of your money. From my personal experience, I can advise to all of you this amazing ‘Worldcore’ https://worldcore.eu/ which will please everyone with the high-quality service and incredible perfection. So I wish to everybody great good luck and large successes in all your beginnings!
I’m experienced freelancer and know about such kind of this perfect work enough. The main in it – right and reliable payment system, because thanks to the superb payment service you will sleep well not worrying about the safety of your money. From my personal experience, I can advise to all of you this amazing ‘Worldcore’ https://worldcore.eu/ which will please everyone with the high-quality service and incredible perfection. So I wish to everybody great good luck and large successes in all your beginnings! Jump to: