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Topic: Bitcoin’s energy use is just a rounding error compared to other industries - page 2. (Read 273 times)

legendary
Activity: 3094
Merit: 1127
Bitcoin energy usage can't be compared to other sectors such as mining and steel and the whole global energy calculation is an error but the anti Bitcoin crusaders are concerned about a small pinch in the big screen, Bitcoin energy consumption is not among the top 10 highest energy-consuming sectors in global energy rating, but Bitcoin energy and its effect on the environment have been the topic on many discussions.
You would really expect something like this on which whenever government doesnt really like something then no matter how small issue it would be then it would become big since it would really be emphasized and to those people who are really that die hard fans or followers would easily believed on but when you do make out some research then you would really able to realize that there are more
larger industries which is involved with this issue.It is just Bitcoin had really been emphasized specially if media does make its move which it isnt
really that surprising.
hero member
Activity: 1022
Merit: 667
Top Crypto Casino
Bitcoin energy usage can't be compared to other sectors such as mining and steel and the whole global energy calculation is an error but the anti Bitcoin crusaders are concerned about a small pinch in the big screen, Bitcoin energy consumption is not among the top 10 highest energy-consuming sectors in global energy rating, but Bitcoin energy and its effect on the environment have been the topic on many discussions.
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
I was recently reading a bit of the WO thread (there are always some very good discussions there), and I found this amazing post about bitcoin energy consumption:

Shame on all of you filthy Bitcoin holders. I'm done with this dirty practice. I cannot be part of this disgusting ethical money system any more!
End of!


https://bitcoinmagazine.com/business/bitcoin-energy-use-compare-industry

As explained in the bitcoin magazine article " data shows Bitcoin’s energy use would represent just a rounding error in the construction, transportation or healthcare industries."

It is impressive how we are seeing different attacks from politicians, journalists (NYtimes), entrepreneurs (Elon Musk..) etc on bitcoin energy consumption.

This is even leading to discussions about Bitcoin consensus mechanism and decentralization. But when we look at data, bitcoin energy consumption is basically irrelevant when compared to the global energy consumption.

If world energy consumption is really a problem and humanity must really reduce it due to environmental problems and climate change, the main focus of discussions should be industries that consume tens or even hundreds of times the energy consumed by mining bitcoin.
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