How much electricity does bitcoin need?

[hacsoi2799]

According to Power Compare, bitcoin consumption is still not comparable to a few individual countries, such as South Africa, Egypt and Algeria. So far, Bitcoin's estimated annual consumption is about 29.05 TWh - equivalent to 0.13% of the world's electricity demand. That is a concern.

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[Jarijah]

The power scarcity discussion is a funny one to me. Humankind will do anything to survive, if we look at how many countries have not utilized nuclear energy and let's only consider the allegedly cleanest nuclear energy (Thorium based nuclear energy), then the energy cap might be way bigger than we can imagine right now. Just keep in mind that profitability is higher, when something is scarcer.

[Generaldiscussion]

It's overestimated the amount of electricity that bitcoin need. And even Bitcoin needs a large amount of electricity to work but it is still not harm our environment

[tamquocchi33]

It's really hard to calculate the amount of electricity that bitcoin needs But I believe that is not a small amount of energy

[bitfocus]

I guess this article will help you to get a real picture. if you google a little and spend an hour to read, you won't need to ask others
https://arstechnica.com/tech-policy/2017/12/bitcoins-insane-energy-consumption-explained/

[Agains]

I see it is not a problem. You know that it helps maintain the bitcoin system and it could not be called waste, on the other hand you want to exploit any resource such as gold, silver, diamonds and even coal you also need some amount of power not small

[Brahuhu]

when we talk about bitcoin it is very broad, but when you say that it is a mining then where did you get a 80% of the electricity consumption is done by the bitcoin industry, when the popularity of bitcoin has not yet reach 80% of the world.

[carlisle1]

Who owns the reliable information that the network bitcoin uses more than 80% of the countries separately electricity. Bitcoin also multiplied by several times the amount of energy consumed in the last year. Is this really true, who will say? So there are thoughts that bitcoin in a couple of years will be a threat to the energy situation on the planet?

Whos crazy idea that given you this 80% of electricity has been consumed by bitcoin?and what about you noob that believing this crap?suck dude even the biggest malls in the whole country cant consume this huge amount of electricity.better stop smoking weeds buddy because this bringing you down.small volume of people are mining for bitcoin in every states so dont be exaggerated

[Almirante3]

According to Bevand's own calculations, we should expect bitcoin to use 0.2 to 0.3 percent of global electricity by the end of 2018, about half of what is predicted by de Vries.

[Dmitry.Vastov]

Who owns the reliable information that the network bitcoin uses more than 80% of the countries separately electricity. Bitcoin also multiplied by several times the amount of energy consumed in the last year. Is this really true, who will say? So there are thoughts that bitcoin in a couple of years will be a threat to the energy situation on the planet?

There was a news that I heard that in the coming decade, bitcoin is going to use doubtthe amount of electricity, used by the entire world currently and I think this is totally useless because this is not even possible and I find this news to be completely hypothetical because the only requirement for operating bitcoin is the internet and I don’t think that internet is using that much of energy as more than required by the entire world so I find this news very irrelevant.

[Dico88]

Not just depending on the main source of electricity may be a bit difficult to calculate the consumption required a lot of the number of users and investors bitcoin owned today.

[muslol67]

Who owns the reliable information that the network bitcoin uses more than 80% of the countries separately electricity. Bitcoin also multiplied by several times the amount of energy consumed in the last year. Is this really true, who will say? So there are thoughts that bitcoin in a couple of years will be a threat to the energy situation on the planet?

I think this number changes according to the degree of difficulty. And it's not so easy to calculate it all. I think in future technological developments, devices that consume less electricity will come.

[stefy77]

Many accuse bitcoins for the use of electricity as if for everything else there were no huge waste, without consistency. Renewable energy and go!!!

[DJ_Rick]

I have heard that it requires really much electricity and that's why it is not very cost-effective method of gaining coins today, i hope that in the future something will change and its price will  change as well

[meritbygrace]

I would be happy if the popularity of people using bitcoin reach 80% then i know what to say.we area we barely use use light up to 4-5hours daily.

[merrillolive]

Many countries have been screaming at the fact that miners have used too much electricity to exploit the BTC, so I think that's a very wasteful thing and so we should prohibit this more to save. electricity for the country

[BryanRoseWalker]

the electricity network consumption for bitcoin is still not as big as the proportion of other mega electronics business network sources, you are too skeptical in this regard. But positively what this business consumes is a message to the world that there should be an effort to create renewable resources, so it's not just about consumption, but how we can make an active solution.

[costanos02]

If you do mining that really consumes a lot of electricity,  no wonder the amount electricity consume might be doubled or tripled, depends on how many individual involved bitcoin.

[KrakenZ]

In my opinion, the amount of electricity needed in this bitcoin business is different in many business sectors. For bitcoin mining does require a large enough electricity and indeed this will be a threat to energy availability. But if only for bitcoin investment then the energy needed is just as limited as a regular internet browser. Maybe that's my little thought about the electrical energy needed.

[leeheidrick]

this is an easy problem, Because electricity can be made without requiring fuel from earth m,
because with sunlight and wind both can be utilized to generate electricity and energy sunlight and wind is environmentally friendly and does not harm the planet earth