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ContagiousInspiration Franchise Player
Joined: 07 May 2014 Posts: 13811 Location: Boulder ;)
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Posted: Sun Feb 25, 2018 6:20 am Post subject: Should Bitcoin/CryptoCurrency Billionaires be expected/required to invest in renewable energy R&D? |
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Their digital thirst uses an insane amount of Natural Resources. After earning a certain amount they are taxed for the energy consumption?
To what end.. Curious where this will lead us.. money is so valuable we will burn the whole earth for it? Treasure Island money?
How long can it last?
Bitcoin Consumes 30 Times More Electricity than Tesla Cars
http://fortune.com/2018/01/11/bitcoin-mining-tesla-electricity/
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As Bitcoin’s price has soared, so too has the energy consumption to produce it—to the point that Bitcoin mining now guzzles more electricity than all the electric cars in the world.
In 2018, Bitcoin’s power demand is set to more than triple, consuming as much energy in a year as the entire nation of Argentina, according to a new report by Morgan Stanley (ms, +2.21%).
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Huey Lewis & The News Star Player
Joined: 18 Dec 2015 Posts: 5234 Location: So what's the uh...topic of discussion?
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ringfinger Retired Number
Joined: 08 Oct 2013 Posts: 29418
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Posted: Sun Feb 25, 2018 7:56 am Post subject: |
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lol |
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