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RE: Bitcoin Mining Vs Electricity Consumption

in #cryptocurrency • 6 years ago

I think that excessive electricity consumption required to secure transactions is indeed a problem. How much coal do we need to burn to process these transactions? Thousands of tons of coal and same CO2, NO and PM emission. This is why I don't invest into POW cryptocurrency and strongly believe in POS. Bitcoin mining is not a problem for the UK as British electricity prices are so high that Bitcoin mining is not profitable.

6 years ago in #cryptocurrency by
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     6 years ago 

    So I have researched a bit about this and currently only about 60% of the Electricity comes from Burning coal the Rest comes from Nuclear and Renewable Energy.

    And you can't ignore the recent Public interests in Solar Power. Hell I am planning on buying some Solar Panels for my New House.

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