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Author Topic: Bitcoin to use 0.5% of world’s electricity by end of 2018  (Read 248 times)
jpnl0003
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August 20, 2018, 09:37:41 PM
 #61

the idea of mining bitcoin is very lucrative and hence has become a business that the globe has decided to venture into and that has greatly increased the world or global consumption of the electricity so the speculation of the increase in percentage the technology will  consume in the time to come is not far fetched.
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August 20, 2018, 09:37:58 PM
 #62

It will be interesting to know how much electricity does cryptocurrency uses around the world. The fact is that people usually don't mine bitcoins at home because antminers are very expensive and sometimes they don't have so much money at time to buy them, so instead of this, they prefer to buy GPUs which are cheaper and easy to sell anytime.

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PM.coins
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August 20, 2018, 10:46:30 PM
 #63

Electrical energy also plays a full role in this digital technology. and will always be needed from time to time. I don't think it can be separated. the more people dabbling in the world of cryptocureency or bitcoin, the more energy that will be needed to support operational performance. and I think it will be more than 0.5% by the end of 2018.

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August 20, 2018, 11:31:41 PM
 #64

Individual mining of Bitcoin isnt child's play considering the finances and time involved to get it all set up. One major challenge is the quantity if energy been consumed within the region mining plants are situated thus an urgent need to get Hugh energy consumption reduced.
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