Bitcoin Mining Now Consuming More Electricity Than 159 Countries
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fantaskarsef
Trying to tackle climate change and then the miners use sh*tloads of energy... well done 😀
sverek
2017, when miners consume more energy than other miners.
glutto
By 2025 the entire universe should implode thanks to the miners.
glutto
...and this all started by making one single paperclip.....
airbud7
Bitcoin miners helping coal miners...
https://memegenerator.net/img/instances/65684385/i-see-no-problem-here.jpg
AsiJu
"If it keeps increasing at this rate, Bitcoin mining will consume all the world’s electricity by February 2020."
That's actually pretty scary to think about! Feel like the words "everything in moderation" have never been as relevant as now.
sverek
Guys, I found solution!
[youtube=y3dqhixzGVo]
Silva
I hope governments ban (or make tight legislation) bitcoin, this shit has to stop.
Thanks for ruining my day (in a good way ahahah)
scoter man1
Now if only they'd start posting how much electricity electric cars use so people stop thinking they're "zero emissions" =D
Ziggymac
These parasitic scumbags need to be shut down.
It represents everything wrong in the current system, producing nothing of worth to anyone but those consuming all the resources.
sverek
Electricity is more versatile. It can be produced by solar panels, wind, nuclear which all are emission free.
Right now we mostly use fuel to produce electricity, however there will be more ecology friendly electricity production in future. We just need to make sure we have proper battery technology to put "better" electricity in good use.
fantaskarsef
Well to be fair, nuclear is not emission free. It "emits" burnt out, still radio active material that has to be taken care of.
Not even solar, wind power, or hydro power are emission free if you think about it, they still need resources and replacement of the technology in there, that has to be produced at some point, where there's still emissions.
Don't think about the production of energy in a plant, but think "cradle to the grave" or even "crade to cradle". Right now, there is nothing that's truely free of emissions.
Electric cars do emit sound when driving, the sound the tires make running on the streets, they emit heat, etc. 😀
Prince Valiant
I bet the miners will tell us that it's all okay because mining is important and stuff 🙄.
sverek
Oh well, yeah "emission free" is a strong word.
schmidtbag
Really kind of sad that this is the reality. If this were Gridcoin, I'd be fine with this because at least that encourages something useful. But people who mine for Bitcoin and Ethereum are just in it for themselves. At least on one positive note, the hardware they buy helps give AMD and Nvidia more revenue...
ladcrooks
now watch this, very interesting
https://www.ted.com/talks/michael_shellenberger_how_fear_of_nuclear_power_is_hurting_the_environment
D3M1G0D
The concept behind cryptocurrencies is good, but once investors got involved it ended up becoming just another profit-making venture. The more investors get involved the higher the price, and the higher the price the more miners get involved and the more electricity is used.
tsunami231
pretty sure everyone still things this is a "myth" or it not "there" problem. there kids and there kids kids will enjoy that issue cause its not "there" problem to care about. Lot of sarcasim in this statement
the Donald Sutherland movie "Virus" said it best " humans are a virus" and planet is suffering.
schmidtbag
Sarcastic or not, there are sadly too many people who honestly believe climate change isn't real.
Solfaur
World's going to shit anyway, might as well speed things up a little. 🙄
