In 3 yrs, just to keep up the Bitcoin network, we will use the energy consumption of Denmark.
Cryptos with less in terms of upkeep mining costs need to become dominant. If you can keep the energy required for one transaction t 0.1kwh, you got something. At 200kwh, we are in big trouble.
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Awwwoooooooooooooooo
to the moon
We will just power our bitcoin miners with the untAPPED POWER OF THE SUN
Yes it is a Zionist game to make the most inefficient currency that doesn't even exist.
BUT TO THE MOOOOOOON right? Goodness me, they are animals.
>measuring something that happens in seconds using an hourly unit measure
>implying a proof of stake algorithm won't be implemented in the future
Why do you newfags feel the need to post every stupid fucking thread in Sup Forums
>>measuring something that happens in seconds using an hourly unit measure
200kwH = 720 megajoule, better? A joule is a wattsecond
>>implying a proof of stake algorithm won't be implemented in the future
yes, that is the whole point of bitcoin
>posts all but the right one, /biz/
this is a finance, privacy and freedom in general issue
in many cases it's even politically incorrect
your shit is all retarded nigger
>200kw/h
>transaction takes 20seconds
>total energy spent = 200/3600 x 20 = 1.1 kw
That's a microwave warming up your food
What are you talking about? You are confusing 200kW with 200kWh. One is a measure of a current, the other is one of energy.
The correct calculation is energy required for mining in a day expressed in kwh divided by number of transactions in a day = kwh required per transaction.
kwh = kw per hour nigger
but your second sentence is true
Medi education
Exactly why proof of work is unscalable
kWh = kilowatt * hour
= kilojoule per second * 1 hour
=> 1 kilowatthour = 3600 kilojoules
Privacy is the best part of blockchain. And that doesn't involve the electric cost. But energy scarcity is a communist tool to make men into worms.
dont worry the banks and government will fix it
You have no friggin' idea.
This is what the transaction fees are for. As they rise, the popularity of bitcoin will be naturally limited.
Bitcoin is actually extremely efficient.
>tfw fell for the eth meme
/biz/ told me it would moon harder than btc. ITS NOT FAIR.
please stop typing
Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
What's wrong with energy consumption?
buy high sell low
retard.
It costs
yeah mate bitcoin is alternative currency that was designed from day one to be immune from the typical space bankers dirty tricks of controll buyout and speculation'
hence their only way to get rid of it is to drive its entropy into suface of the sun levels, which is funny coming from the same chicken little "sky is falling" climate guys...
holy shit its just a dude stuttering and reading off of a teleprompter
marketers are a bad joke, but the worse joke is that they have a measurable effect in the company's favor