"contrary to popular belief bitcoin is energy efficient, it actually comes from 70% renewable energy"
yeah, he doesn't understand what 'energy efficient' means. currently bitcoin mining alone uses 0.21% of world energy use, or the about the output of 7 large nuclear power stations (66.7 terawatt-hours per year). the 70% renewable he quotes is not from scientific research, but a dubious claim by Coinshares, a trading site, that contradicts better research that estimates it's already costing 22.9 million metric tons of CO2 per year, the output of a medium sized country. And due to its nature, the processing power needed increases as it reaches its end game, so this figure will rise
( , Tue 24 Nov 2020, 22:18, Share, Reply)
yeah, he doesn't understand what 'energy efficient' means. currently bitcoin mining alone uses 0.21% of world energy use, or the about the output of 7 large nuclear power stations (66.7 terawatt-hours per year). the 70% renewable he quotes is not from scientific research, but a dubious claim by Coinshares, a trading site, that contradicts better research that estimates it's already costing 22.9 million metric tons of CO2 per year, the output of a medium sized country. And due to its nature, the processing power needed increases as it reaches its end game, so this figure will rise
( , Tue 24 Nov 2020, 22:18, Share, Reply)