Tue, 26 Dec 2017 13:48:10 +0000, 01:48 PM
http://www.independent.co.uk/life-style/...94661.html
«The sheer amount of computing power and energy required to run the bitcoin economy means that the surging prices could literally be damaging our planet, experts have warned. And as the price of the cryptocurrency surges, that problem is likely to get worse.»
Oh? Really? So what they're saying, is that a currency specifically designed for computers and The Internet, requires… electricity? Who'd thunk it?!
And we're not talking a tiny bit either.
«Already, the power used to mine bitcoin around the world takes up more energy than 159 individual countries. And each bitcoin transaction uses the same amount of energy required to power a US household for nine days, according to Digiconomist.
[…]
«One mine in China was using as much energy as a Boeing 747 to try and generate more of the increasingly valuable cryptocurrency.»
But that's nothing compared to future use,
«"In just a few months from now, at bitcoin’s current growth rate, the electricity demanded by the cryptocurrency network will start to outstrip what’s available, requiring new energy-generating plants," wrote climate expert Eric Holthaus. "And with the climate conscious racing to replace fossil fuel-base plants with renewable energy sources, new stress on the grid means more facilities using dirty technologies.
«"By July 2019, the bitcoin network will require more electricity than the entire United States currently uses. By February 2020, it will use as much electricity as the entire world does today."»
Crypto-anarchists are "fighting capitalism from the inside"! …by accelerating our collective demise, I guess.
«The sheer amount of computing power and energy required to run the bitcoin economy means that the surging prices could literally be damaging our planet, experts have warned. And as the price of the cryptocurrency surges, that problem is likely to get worse.»
Oh? Really? So what they're saying, is that a currency specifically designed for computers and The Internet, requires… electricity? Who'd thunk it?!
And we're not talking a tiny bit either.
«Already, the power used to mine bitcoin around the world takes up more energy than 159 individual countries. And each bitcoin transaction uses the same amount of energy required to power a US household for nine days, according to Digiconomist.
[…]
«One mine in China was using as much energy as a Boeing 747 to try and generate more of the increasingly valuable cryptocurrency.»
But that's nothing compared to future use,
«"In just a few months from now, at bitcoin’s current growth rate, the electricity demanded by the cryptocurrency network will start to outstrip what’s available, requiring new energy-generating plants," wrote climate expert Eric Holthaus. "And with the climate conscious racing to replace fossil fuel-base plants with renewable energy sources, new stress on the grid means more facilities using dirty technologies.
«"By July 2019, the bitcoin network will require more electricity than the entire United States currently uses. By February 2020, it will use as much electricity as the entire world does today."»
Crypto-anarchists are "fighting capitalism from the inside"! …by accelerating our collective demise, I guess.
