Every Bitcoin transaction uses 220kwh of energy, enough to run a non-American house for weeks/months Even by American standards, it's excessive There are 300,000 transactions every day
What a fucking waste for our species to be doing this, imagine if an alien species watched us from afar and saw us wasting all this energy on fucking nothing
It's about time governments banned this nonsense. We don't need regulation, we need an outright ban. Shut down all exchanges, confiscate all the equipment. End it.
They just made some clickbait and shilled it on Sup Forums to see what happens
Alexander Scott
It means BTC uses X amount of electricity every day (due to mining) divided by the 300,000 transactions a day figure = giving you an average of 220kwh per transaction.
As the price of BTC goes up, mining becomes more viable (and harder) and so it uses even more electricity.
At this rate, the whole BTC scam will be using as much power as a medium sized country by 2018.
Dylan Torres
>It's about time governments banned this nonsense. fuck off shill. All that is needed is to transition to POS in stead of POW.
Carter Flores
Something will replace BTC. I can't say what it is. It can be something else than Bitcoin Cash(BCH) but most probably it will be BCH.
BTC is old. Transactions take like fucking 1 hour. Consumes too much energy and don't have good privacy features embedded in it. You need to use Tor with it to be fully anonymous etc etc. It will die.
Cameron Bennett
classic pixar
Asher Parker
Bitcoin is a Talmud Jew scam to waste energy, provide a "currency" that literally has no value, can trace ALL transactions, shows the value of everyone's account and the password can be cracked by the same server farms decoding the transaction for more virtual coins.
Wake up people, being rich is a Kike demon game and they will suck the life out of you every time you worry about profits or losses from it
Eli Morgan
pay denbts
Liam Morgan
I thought about block chain calculations and giant (exponentially) resources they require just to verify money transactions. I would create some cryptocurrency based on scientific distributed calculations similar to Boinc, currency mining would move our science forward and each contributor would get a reward for this as emmited coins.
Michael Bailey
BTC is literally legacy technology, it uses Proof of Work which is on its way out already, in a few years any decent crypto currency is gonna be using Proof of Stake which is much more efficient
Jose Taylor
Roll on climate change
Wyatt Davis
Sage. Get on social media and red pill normies on the reality of Hollywood:
Hollywood publicly promoted Pedophilia for decades. They have been getting away with this shit for years but the Spacey scandal is the start of (((their))) downfall.
Shirley Temple was abused for years in the entertainment industry and is the earliest example of a child being exploited by Pedophiles in entertainment.: youtu.be/rrjvifKXQy4
bitcoin is a pyramid scheme and scam. in germany they have click bait ads on porn sites trying to rope people into buying them. stay away
Lincoln Perez
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Caleb Hernandez
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Lucas Powell
>mfw saving up on a PC miner powered by solar panes in a cuckshed in my yard I mean,it has to work,right? Passive income
Leo Rivera
BTC is but a test coin, jew
Crypto is here to stay
Gavin Walker
no... it may cost that much to PRODUCE a new btc though (more I would imagine)
Camden Mitchell
Ahhh..... Shill Detected
Jaxon Roberts
>Waste nonrenewable resources >To generate hypothetical money >Could be generated infinitely on the spot, but that would lead to inflation
It's all so wasteful
Eli Garcia
Rare Flag.
Not even fucking kidding. How many times have you fags seen it?
John Williams
Pay denbts faggot
Jayden Martin
How about letting people decide as it's their energy? It's also about time your government paid the debt.
Kevin Moore
91% of the worlds currency exists in digital form. So what about all the energy used by the data centers that host all the banking systems? Yeah you don't want to talk about that do you hook-nose?
Matthew Bell
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Josiah Wilson
>What a fucking waste for our species to be doing this Bitcoin transactions don't "use energy" - this is skewed perspective of how Bitcoin's thermodynamic security operates.
Bitcoin actually stores energy in the form of money.
>It's about time governments banned this nonsense. We don't need regulation, we need an outright ban. Shut down all exchanges, confiscate all the equipment. End it. Gr8 b8 m8 I r8 8/8
Levi Long
That's a hydropwer station
They mobilize their devices when the demand is low and negotiate a bargain price deal with the station and when the demand is high and the power price goes up, they move to another place
William Carter
I can't pay a hooker in bitcoins, fucking worthless...psssht
Liam Myers
We'll save plenty of energy when we close all the government and kike banking bureaucracy associated with controlling money and stealing from people some time after the next financial crisis.
> inflation causes value to drop > deflation causes value to rise
Jace Myers
When you figure out the ecconomy stays afloat because people buy pet rocks because of television programming and the 2nd tier gods trade oil so people can transport there pet rocks while the top tier gods lend money to all in the pyramid and somehow people think president's are in charge. . Oh fucking vey even hitlers banker didn't see the inside of a jail cell .
Carson Allen
>no value I just cashed out $1000 I made on a $100 investment. BTC is the new growth stock.
Jace Jones
Pay debnts
Enjoy your centralized currency! What form of money are you going to use during next hyperinflation event in your country? Or when all Greek ATMs shit down? Will you go back to using gold bars or the barter system?
Xavier Brown
What a retarded headline that makes absolutely no sense. Journalism is a joke.
Logan Torres
>look at all these fucking tulips I bought >price is going up insanely >I'l make a fortune >1637 >didn't invest in tulips
Jacob Morales
intense electricity usage is a result of people mining bitcoins, not transactions or the existence of bitcoins itself.
Gabriel Hall
>"currency" that literally has no value What about your national currency? I prefer precious metals nonetheless.
Carson Butler
That's each block you fuckwit. Also, it has economic solutions in other protocols.
Wyatt Lewis
Stop complaining you poorfag
Julian Brooks
Exactly. And that's by design. Just like gold gets more expensive to mine, and that's what limits the money supply.
Christian Johnson
This sounds way too much like bullshit. Prove it or fucking kill yourself you lying nigger.
Lucas Hughes
yep. It's working too, mining with your own machine is becoming so expensive that they're now outsourcing the work through bitcoin mining scripts running in the background of websites. I believe adblockers and anti-malware extensions are already reacting to that.
A greek Bankster shill. It couldn't get much worse.
Michael Phillips
Loooool, exactly
James Garcia
>electricity >nonrenewable
Tesla wanted to harvest electricity from fucking storms
if I'm wrong correct me.
Jason Wright
>Bitcoin actually stores energy in the form of money. Let me guess: you're under the delusion that money originates from someone actually making a profit, rather than someone borrowing it into existence in the hope of making a profit?
Michael Cox
Let me guess, you're an Australian socialist cuck?
Not an argument
Jackson Adams
I agree Bitcoin will eventually die.
Tyler Hernandez
That's bullshit, our houses don't have electricity
Jacob Ward
when the govs ofthe world see bitcoin being used to fund terrorists it will be banned, or highly regularized, which would kill it.
Jackson Lee
i could use the heat to warm up my swabian pockets
Camden Walker
Buy more bitcoins, it literally only goes up and up! The price of bitcoin will NEVER crash!
Brayden Cox
You're 8 years late to that argument user, still in denial?
Not in our lifetime
Jackson Cruz
These days its not worth it.
You won't even make that much money at all
Hudson Edwards
=^(
Liam Wood
well 1 bitcoin is $5000usd so 1 bitcoin transaction would probably power a house for a few weeks
Hunter Wood
>X amount of electricity every day (due to mining) divided by the 300,000 transactions a day figure = giving you an average of 220kwh per transaction
The retardation is real
Bentley Collins
Ha you thing bch is gonna be the replacement with the plethora of other altcoins that do more? Its not even on coinbase yet. With normie money flooding the market and regulation on the horizon Ltc, xrp, even monero has a better chance than one of the many forks of btc
Luke Morgan
pay debnts
Jaxson Johnson
This people know what they are talking about as much as CNN does when they say this is an AR15.
Sebastian Gray
Watch that edge kiddo
Cameron Baker
>1 bitcoin transaction = 1 bitcoin
Or you could not comment on shit you know nothing about.
OP, this is just one of several fundamental problems that will destroy bitcoin. This particular problem however is solved by ethereum, which uses that processing power to do useful tasks instead.
Jaxson Flores
As long as they are shitskins then I’m totally ok with that.
Camden Sanders
>>How is this acceptable? Graphics cards are energy hogs. Although, crypto miners say the top cards are actually more efficient per "clock cycle." I would support your argument if you would advocate compute cycles toward SETI. Fuck shit like F@h
Nathan Howard
CloudCoin
Cooper Wright
>I can't pay a hooker in bitcoins, fucking worthless...psssht I bet some of the most beautiful/high priced call girls take and would prefer cryptocurrency
Nolan Adams
Sacrifices efficiency for social scalability.
A piece of trash
Matthew Hall
They do. If you don't listen to Bitcoin Uncensored, you should. They talked to a whore who took bitcoin and posted on backpage.
Gabriel Young
I guess you don't know what the Lightning Network is going to do.
If you don't want to be in debt, you should invest in BTC. Everyone gets rich. This is a gold mine.
Jason Murphy
When you "mine" you are processing transactions. Your reward is based on how much work you did in verifying the transation. Thats what mining is. There is no coin hq where transactions are verified.
Mining is transaction verification dummie
Jeremiah Murphy
Bitcoin is the conspiracy by the lizardmen to speed up global warming and create better ecological conditions on Earth for them
Cooper Ortiz
Speaking of energy, this is Sup Forums what is going on with European winter and Russia gaseous fuel sale?
Sebastian Torres
Energy-backed currency is more legitimate than fiat.
Hudson Bell
The dollar is backed by oil tho
Benjamin Adams
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Gabriel Gomez
>OY VEY, IT CAUSES CANCUH AN' GLOBAL WARMING, TIME TO SHUT IT DOWN
Ryan Diaz
That's wrong. The OPEC's decision to trade oil only in dollars ensures that the dollar is more valuable than it would be otherwise. But it's not backing the dollar at all. If the dollar was backed by oil 1dollar would be anchored to oil like 1 dollar = 1 gallon of oil, that would suck though.
Owen Watson
So hypothetically when all the bitcoins are mined (yes I know this takes a very long time) how would transactions be processeD?
