it would be great when all farming /mining centers using there produced heat to regenerate electricity power.
Becourse we still making so much heat and blast it unused in the air -.-
regards
Topic: Bitcoin is now consuming 1% of the world's electricity. Is that sustainable? - page 2. (Read 13960 times)
December 05, 2018, 04:35:50 PM
December 05, 2018, 04:33:18 PM
bitcoin is sustainable entergetically? my answer is: yes. Based on a research, almost 80% of the energy used to mine bitcoins comes from renewable sources
sources: https://coinshares.co.uk/wp-content/uploads/2018/11/Mining-Whitepaper-Final.pdf (page 9)
You forgot to remove your blinkers
instead of bitcoin mining, this green energy you talk here, could replace some coal power plants for real world electricity needs instead 
its useless, don't try to greenwash bitcoin, it is not sustainable. point. 
December 05, 2018, 04:25:00 PM
One year ago Bitcoin's network was consuming as much energy as Ireland. Now it has apparently doubled and now it is consuming 1% of the world's total electricity consumption.
https://digiconomist.net/bitcoin-energy-consumption
This, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:
https://digiconomist.net/bitcoin-energy-consumption
What is likely to happen next? Which are your thoughts?
https://digiconomist.net/bitcoin-energy-consumption
This, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:
https://digiconomist.net/bitcoin-energy-consumption
What is likely to happen next? Which are your thoughts?
of course not its just short term populistic.
December 05, 2018, 04:21:38 PM
One year ago Bitcoin's network was consuming as much energy as Ireland. Now it has apparently doubled and now it is consuming 1% of the world's total electricity consumption.
https://digiconomist.net/bitcoin-energy-consumption
This, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:
https://digiconomist.net/bitcoin-energy-consumption
What is likely to happen next? Which are your thoughts?
https://digiconomist.net/bitcoin-energy-consumption
This, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:
https://digiconomist.net/bitcoin-energy-consumption
What is likely to happen next? Which are your thoughts?
bitcoin is sustainable entergetically? my answer is: yes. Based on a research, almost 80% of the energy used to mine bitcoins comes from renewable sources
sources: https://coinshares.co.uk/wp-content/uploads/2018/11/Mining-Whitepaper-Final.pdf (page 9)
December 05, 2018, 03:15:05 PM
In my opinion. bitcoin consumes more than 1 percent of electricity in the world because currently users of bitcoin or altcoin are so large that the amount of electricity consumption will definitely increase. and the majority of electricity consumption occurs in crypto currency miners, because they need a large amount of electricity to operate mining equipment for 24 hours a day.
Even if Bitcoin (mining) uses 1% of the electricity, it is not something critical. The cryptocurrency has more pros than cons. People realize that it helps them to live better. BTC is the chance to start a new life.
December 03, 2018, 05:47:08 AM
Electricity consume % may be far-fetched. And even if it doesn't and mining ends, btc will still be used.
December 03, 2018, 05:42:39 AM
All things considered it doesn't really matters how energy is consumed by Bitcoin or whatever, because the system in the end will self regulate itself eventually. If Bitcoin't consumption will be unsustainable then something will change. If mankind's presence on earth will be unsustaibale, then something will change. Whatever the outcome, it will the the only possible and inevitable one.
People too often forget that whatever happens is in fact the only thing that could have happened.
November 20, 2018, 06:02:08 PM
In my opinion. bitcoin consumes more than 1 percent of electricity in the world because currently users of bitcoin or altcoin are so large that the amount of electricity consumption will definitely increase. and the majority of electricity consumption occurs in crypto currency miners, because they need a large amount of electricity to operate mining equipment for 24 hours a day.
November 20, 2018, 05:57:46 PM
At the moment if it is sustainable, but when the consumption continues to rise, measures will be taken to reduce it, right now the miners are developing other types of mining protocols, to be able to work more efficiently with the energy, perhaps in the future a fork will be necessary to choose other forms of mining to replace the pow, as pos or other that comes new.
November 20, 2018, 05:54:23 PM
One year ago Bitcoin's network was consuming as much energy as Ireland. Now it has apparently doubled and now it is consuming 1% of the world's total electricity consumption.
https://digiconomist.net/bitcoin-energy-consumption
This, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:
https://digiconomist.net/bitcoin-energy-consumption
What is likely to happen next? Which are your thoughts?
https://digiconomist.net/bitcoin-energy-consumption
This, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:
https://digiconomist.net/bitcoin-energy-consumption
What is likely to happen next? Which are your thoughts?
It seems clear, as said by gentlemand, the amount of electricity consumed by miners has triggered the emergence of some creative ideas among electricity developers, both by individual companies and by the people themselves. With renewable energy, I don't think this has become a problem for the government or society. Honestly, at the moment I don't know the state of the number of miners, are they currently experiencing an increase or even the opposite?
If we talk about the benefits, in my opinion bitcoin is the only best alternative for countries with weak economies especially for countries affected by hyper-inflation. Meanwhile bitcoin hasn't been completed in solving the economic problems of the community, I'm very confident this condition will make the existence of bitcoin more calculated, and go further (long life). Because basically, bitcoin can we rely upon more its positive benefits and can provide maximum benefits for its users.
November 20, 2018, 04:38:25 PM
It will be interesting to see what will happen to mining now that the price of Bitcoin is tanking. It's a very delicate mechanism, in this very moment mining BTC has turned more expensive than actually buying Bitcoins - so basically a lot of energy is really thrown away right now since it would be more profitable to switch the moners off - we'll see.
November 20, 2018, 04:27:01 PM
One year ago Bitcoin's network was consuming as much energy as Ireland. Now it has apparently doubled and now it is consuming 1% of the world's total electricity consumption.
https://digiconomist.net/bitcoin-energy-consumption
This, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:
https://digiconomist.net/bitcoin-energy-consumption
What is likely to happen next? Which are your thoughts?
https://digiconomist.net/bitcoin-energy-consumption
This, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:
https://digiconomist.net/bitcoin-energy-consumption
What is likely to happen next? Which are your thoughts?
no its actually embarassing,
that 1 bitcoin transaction needs the electricity of a european houshold in 2.5 weeks
More than embarassing that is unsustainable. And when something is unsustainable, it usually doesn't last forever.
you dont say,
i even think entire market will decentralise away from bitcoin,
there will be institution managers with their own coins like "graphene coin" or "fusion coin", people have an interest supporting those coins, those coins are being released with economic consumption for doing certain products not for wasting electricity.
and they will matter much more
besides this forum lost 24% viewers in septembers thats a loss of 4 million from 16.8 to 12.8 million viewers per month
https://www.similarweb.com/website/bitcointalk.org#referrals
i think the market will forget bitcoin, because the problem is that no one has an interest to support it, except those that own a lot of miners, or those that can build miners.
and thats the main problem, why the people stop caring about that coin.
I agree with you, and the fall will probably be spectacular. In fact, I think that the high prices of BTC are mainly caused EXACTLY by the fact that the network consumes so much electricity and for the miners it is necessary that the price rises to pay for their consumption, and with their wealth they can influence the price.
October 08, 2018, 09:00:52 PM
if the amount of minner continues to increase, the electricity costs will continue to increase. it can even reach 5%. because Minner Bitcoin costs the highest electricity than others.
October 07, 2018, 04:48:00 PM
One year ago Bitcoin's network was consuming as much energy as Ireland. Now it has apparently doubled and now it is consuming 1% of the world's total electricity consumption.
https://digiconomist.net/bitcoin-energy-consumption
This, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:
https://digiconomist.net/bitcoin-energy-consumption
What is likely to happen next? Which are your thoughts?
https://digiconomist.net/bitcoin-energy-consumption
This, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:
https://digiconomist.net/bitcoin-energy-consumption
What is likely to happen next? Which are your thoughts?
no its actually embarassing,
that 1 bitcoin transaction needs the electricity of a european houshold in 2.5 weeks
More than embarassing that is unsustainable. And when something is unsustainable, it usually doesn't last forever.
you dont say,
i even think entire market will decentralise away from bitcoin,
there will be institution managers with their own coins like "graphene coin" or "fusion coin", people have an interest supporting those coins, those coins are being released with economic consumption for doing certain products not for wasting electricity.
and they will matter much more
besides this forum lost 24% viewers in septembers thats a loss of 4 million from 16.8 to 12.8 million viewers per month
https://www.similarweb.com/website/bitcointalk.org#referrals
i think the market will forget bitcoin, because the problem is that no one has an interest to support it, except those that own a lot of miners, or those that can build miners.
and thats the main problem, why the people stop caring about that coin.
October 07, 2018, 04:15:53 PM
1% of all electricity usage in the world seems as a large percentage. Besides, if so and it's seen as a investment like now, it's not worth it. So, the passion of people making money isn't important from global warming. But using Bitcoin and Blockchain for the benefit of humanity will protect our future and i will support it accordingly.
October 07, 2018, 03:47:31 PM
If society does not find stronger sources of electricity, over time, Bitcoin will consume an even greater percentage of world electricity. The banking system and gold mining consume energy several times more energy than Bitcoin.
October 07, 2018, 03:44:11 PM
One year ago Bitcoin's network was consuming as much energy as Ireland. Now it has apparently doubled and now it is consuming 1% of the world's total electricity consumption.
https://digiconomist.net/bitcoin-energy-consumption
This, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:
https://digiconomist.net/bitcoin-energy-consumption
What is likely to happen next? Which are your thoughts?
https://digiconomist.net/bitcoin-energy-consumption
This, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:
https://digiconomist.net/bitcoin-energy-consumption
What is likely to happen next? Which are your thoughts?
no its actually embarassing,
that 1 bitcoin transaction needs the electricity of a european houshold in 2.5 weeks
More than embarassing that is unsustainable. And when something is unsustainable, it usually doesn't last forever.
October 07, 2018, 02:49:11 PM
One year ago Bitcoin's network was consuming as much energy as Ireland. Now it has apparently doubled and now it is consuming 1% of the world's total electricity consumption.
https://digiconomist.net/bitcoin-energy-consumption
This, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:
https://digiconomist.net/bitcoin-energy-consumption
What is likely to happen next? Which are your thoughts?
https://digiconomist.net/bitcoin-energy-consumption
This, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:
https://digiconomist.net/bitcoin-energy-consumption
What is likely to happen next? Which are your thoughts?
no its actually embarassing,
that 1 bitcoin transaction needs the electricity of a european houshold in 2.5 weeks
October 07, 2018, 01:24:36 PM
I don't think that's something to be afraid of firstly I highly doubt that bitcoin is now consuming 1% of the world's electricity like some other members pointed and even calculated it and it does not seem that way secondly since mining is having a bad effect on the environment several initiatives are shining to switch and reverse this situation. many bitcoin farms are starting to use renewable energy using solar and wind-powered mining.
October 07, 2018, 09:50:28 AM
I very much doubt the 1% figure, itb would be interesting to get more on this and the sources of the information. Just for example lighting-at some point at some where it is dark think of the electricity that alone will use. For me i can't believe in the 1% senario.
Jump to: