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Author Topic: Bitcoin's Energy Footprint  (Read 1965 times)

JimH

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Bitcoin's Energy Footprint
« on: February 27, 2021, 07:13:46 am »
According to the BBC, it's using as much electricity as The Netherlands.

https://www.bbc.com/news/science-environment-56215787

Most of it is from non-renewable sources.

Hello Global Warming.
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zybex

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Re: Bitcoin's Energy Footprint
« Reply #1 on: February 27, 2021, 09:25:58 am »
It's moving down then, a couple of weeks ago the headline was "as much as Argentina" :)
https://www.bbc.com/news/technology-56012952
https://en.wikipedia.org/wiki/List_of_countries_by_electricity_consumption

BTC needs to move to a PoS system instead of PoW, or it won't go anywhere. It's not sustainable. ETH is moving in that direction:
https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/
https://docs.ethhub.io/ethereum-roadmap/ethereum-2.0/proof-of-stake/

There's actually a fork of BTC that is PoS, but it lacks traction:
https://www.bitcoinpos.net/
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