Study reveals Cryptocurrency mining energy consumption in China alone will be higher than Italy in three years
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alengrosevic
There is a easy way to solve this. It can be solved that energy consumption is calculated progressively. If the household consumes a normal / average amount of energy for the household, then the normal price for electricity goes. If 50% more is spent, the price jumps twice. 100% higher consumption than average, the price goes up by 400%. So now, let all the miners calculate how profitable it is for them to mine.
Ryu5uzaku
China gotta go nuclear and fast.
Kaarme
rl66
Andy Watson
I wouldn't be surprised if crypto currencies are banned due to environmental reasons at some point given the above.
Astyanax
Fox2232
anticupidon
This is why we don't have or get nice things.
SeriousSkeletor
What a waste of earth resources.... whoever takes part in the crypto-madness is simply stupid, greedy and irresponsible.
Martin5000
in 30 years it will consume 50% of all energy generated.
we really do deserve to go extinct
geogan
What are they going to do with all this worthless virtual currency when the climate and economies collapse because of it. One BTC won't be worth the price of a loaf of bread then.
Noisiv
study say that by 2029 even in the worst case (market access scenario), BTC emissions will be negligible. RTFM
https://abload.de/img/screenshot2021-04-091m4jh5.png
It's weird that in the same sentence you ridicule Chinese state for overreaching, while complaining that it wont use its all-powerful abilities.
When it comes to international emission responsibilities, it is completely irrelevant whether China is a developed or developing country. Paris Agreement makes no distinction between two categories.
Your country Finland, is still spewing more CO2 per capita than China
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https://abload.de/img/screenshot2021-04-091q8khr.png
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but... the very Agonist
Go figure. China being the selfish pricks they are causing world problems.
DarkQuark
Wasting resources of any kind to "create" something that does not really exist is pretty insane if you think about it.
The power of crypto (and I think it's original intent) is to move or hold money without big banks or a government being involved. This mining nonsense will give those governments and big banks cause to ban it outright. So once again greed ruins it for everyone.
Ryu5uzaku
DarkQuark
Kaarme
gx-x
https://futurism.com/china-floating-nuclear-power-plant
sooo...yea.
well, this might be of interest:
schmidtbag
https://www.power-eng.com/content/dam/pe/print-articles/2015/09/Photo1-ivanpah-mingasson-5604-8.jpg
Which are not that common. Photovoltaic plants kill birds too but to a much lesser degree. Besides, I would rather a few dead birds than actively contribute toward climate change.
The only solar fields I'm aware of that kill anything are these:
Ryu5uzaku