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0 pointswcoenen4y ago0 comments

> Bitcoin uses about .1% of the worlds power currently. 10x less than you have suggested

Your source says 0.2% on page 18, not 0.1%.

Add to that the rapid growth we've seen in the past, and I believe it is reasonable to say that we're rapidly approaching 1%.

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Your source says 0.2% on page 18, not 0.1%.

The raw figure it uses for gross power consumption (62 Twh) is also unsourced.

Meanwhile, the Cambridge Center for Alternative Finance puts the figure at around twice that - 110 Twh.

Not that we had any reason to grant credence to what a bitcoin "investment" company says about the matter, anyway.

j / k navigate · click thread line to collapse

Your source says 0.2% on page 18, not 0.1%.

The raw figure it uses for gross power consumption (62 Twh) is also unsourced.

Meanwhile, the Cambridge Center for Alternative Finance puts the figure at around twice that - 110 Twh.

Not that we had any reason to grant credence to what a bitcoin "investment" company says about the matter, anyway.

j / k navigate · click thread line to collapse