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Author Topic: When will Bitcoin be more energy efficient?  (Read 90 times)
postcd
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December 08, 2017, 01:56:34 PM
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Quote
According to environment news site Grist, if the currency’s growth continues on its current trajectory, it will use as much as the entire USA in just 18 months’ time.
Source: https://www.express.co.uk/news/science/888535/bitcoin-environment-destroying-planet-fossil-fuels-energy-electricity-Denmark-US-2020

Quote
By July 2019, the bitcoin network will require more electricity than the entire United States currently uses. By February 2020, it will use as much electricity as the entire world does today.
Source: https://grist.org/article/bitcoin-could-cost-us-our-clean-energy-future/

Quote
Carbon footprint per transaction (kg of CO2)   122.14
Source: https://digiconomist.net/bitcoin-energy-consumption

Other person thinks digiconomist numbers are wrong and power consumption is much lower:
Quote
hypothetical Bitcoin market cap of $1 trillion still fails to incentivize miners to consume more than 800 TWh per year, or 0.74% of the world's consumption of energy
Source: http://blog.zorinaq.com/bitcoin-mining-is-not-wasteful/
http://blog.zorinaq.com/bitcoin-electricity-consumption/

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I am asking as a non developer looking for the links to project or the timeline of developing solutions to this problem. Thank You
https://github.com/bitcoin/bitcoin


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