And now bitcoin is destroying the environment
Bitcoin’s environmental toll is also mounting. Bitcoin “mining” is highly energy-intensive, requiring huge quantities of electricity by a global network of computers to verify transactions and generate new units of the currency.Bitcoin’s energy consumption has skyrocketed, according to the Cambridge Bitcoin Electricity Consumption Index. Consumption has more than doubled since last November, reaching an estimated 130 Terawatt hours (TWh) in annualized consumption. For context, the global Bitcoin copmuter network is now consuming as much or more electricity as countries such as Argentina, Ukraine, and Sweden do in an entire year, Cambridge says. The world consumes more than 23,400 TWh of electricity a year, with Bitcoin representing nearly 0.6%.
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DEADSEED1111 : That would mean that we are probably gonna be looking at things like... Nuclear Fusion reactors...Sunhydrogen, US NUCLEAR CORP, and anyone dealing in Tungsten, Tritium, copper, aluminum, Platinum and Rhodium are probably good long term investments until 2027, that's about when they are going to go on line or feed the grid... Other alternatives would be captured methane from coal beds, waste water treatment plant digesters and landfills and or pig farms... no shit Mad Max Beyond Thunderdome wasn't a joke... Vessel Coal Gas is already capturing coal bed methane for carbon energy off set credits and powering the grid.... or we could just tax bitcoin... just saying....
user7899 : Most of its renewable , over 75% actually.
DEADSEED1111 : I'm an electrical contractor to those who would like to argue wind and solar.... they are good but not enough output to be competitive with the demand in it's entirety....
Mcsnacks H Tupack OP : China has started cutting back on allowing mining to be set up there because it’s using so much coal.
DEADSEED1111 Mcsnacks H Tupack OP : Coal bed methane harvesting is capturing the methane off of existing or closed down mines... sorry for the confusion
Mcsnacks H Tupack OP : All I know is China has the cheapest coal in the world and they are using so much that they are starting to regulate bitcoin mining there to certain hours,