Bitcoin’s insane energy consumption, explained

[Suppressed]

Bitcoin’s insane energy consumption, explained
One estimate suggests the Bitcoin network consumes as much energy as Denmark.
TIMOTHY B. LEE - 12/6/2017, 7:30 AM

The skyrocketing value of Bitcoin is leading to soaring energy consumption. According to one widely cited website that tracks the subject, the Bitcoin network is consuming power at an annual rate of 32TWh—about as much as Denmark. By the site's calculations, each Bitcoin transaction consumes 250kWh, enough to power homes for nine days.

Naturally, this is leading to concerns about sustainability. Eric Holthaus, a writer for Grist, projects that, at current growth rates, the Bitcoin network will "use as much electricity as the entire world does today" by early 2020. "This is an unsustainable trajectory," he writes.

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[Sanguine]

Is there a link @Suppressed?

[Suppressed]

Is there a link @Suppressed?

I guess that would help in "explaining" it!

https://arstechnica.com/tech-policy/2017/12/bitcoins-insane-energy-consumption-explained/

Sorry about that, @Sanguine.

[Sanguine]

I guess that would help in "explaining" it!

https://arstechnica.com/tech-policy/2017/12/bitcoins-insane-energy-consumption-explained/

Sorry about that, @Sanguine.

Thanks, because I'm baffled as to what they're talking about!

[Sanguine]

I had to read this: https://arstechnica.com/tech-policy/2017/12/bitcoin-a-beginners-guide/ to understand it.

[Suppressed]

I had to read this: https://arstechnica.com/tech-policy/2017/12/bitcoin-a-beginners-guide/ to understand it.

It's the biggest regret of many people.  A $100 investment 6 years ago, when I didn't get around to it, would make you a millionaire today.