INTERACT FORUM

Please login or register.

Login with username, password and session length
Advanced search  
Pages: [1]   Go Down

Author Topic: Bitcoin's Energy Footprint  (Read 1902 times)

JimH

  • Administrator
  • Citizen of the Universe
  • *****
  • Posts: 72413
  • Where did I put my teeth?
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.
Logged

zybex

  • MC Beta Team
  • Citizen of the Universe
  • *****
  • Posts: 2591
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/
Logged
Pages: [1]   Go Up
« previous next »