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Author Topic: Bitcoin's Energy Consumption!  (Read 459 times)
M4NDELL
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November 01, 2018, 01:28:40 PM
 #41

Bitcoin miners use electricity like many other users and pay for it to power companies. At the same time, it does not matter for them - this electric power was obtained from thermal or nuclear power plants or from alternative sources. If it is possible to use electricity from solar panels or electric generators, then the miners will not refuse this.
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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worldofcoins
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November 01, 2018, 01:34:31 PM
 #42

I agree, one major argument I hear from most people is the energy required for mining. Currently, yes, its very expansive and carbon foot-printed so to transition to carbon free energy is not easy, plus it would initially be limited to certain places with lots of sun, water or wind.
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