Bitcoin Consuming Too Much Energy?

[philiveyjr]

i dont think it consumes too much energy..

[1714519394]

1714519394

[1714519394]

1714519394

[1714519394]

1714519394

[arloseb]

Better to buy instead mine.

[ytr8]

Main questions
Is bitcoin a big contribution to energy consumption?
Is bitcoin = the amount of electricity used?
Will this be used as a way that people/regulators can shut bitcoin down?

[/b]

yes  it a big contribution

bitcoin ≠ the amount of electricity used

can't shut bitcoin down

why? i don't know

[Coin_Master]

all we are doing is creating another currency

The money aspect is only a small part of Bitcoin, other uses include property contracts, business contracts, voting and multisig transactions.  It would be a good idea to read the Bitcoin whitepaper before asking questions so you can familiarize yourself with exactly what Bitcoin is, and how it can be used.

Good Luck!

Remember "You cannot put a price on Freedom"

[Soros Shorts]

I am thinking of this idea.
You guys remember folding @ home?
What if we can make a crypto algo which also simulates the folding at no big additional effort?
So you can mine coins and contribute to mankind at the same time (as such contribution requires computer running and consuming power as well)

Personally I think providing security to a secure decentralized payment network is more useful to mankind than searching for intelligent life on other planets that probably doesn't exist.

You must be thinking about SETI. folding@home folds proteins in an attempt to find a cure for Alzheimer's and cancer.

I switched some old GPU miners over to folding in 2012.

[TooDumbForBitcoin]

Here are some other things that consume to much energy.

Killing people with electricity.
Driving down to the corner.
Watching any reality show.
Las Vegas
The first three minutes of a shower.