jm + climate-change + money   1

Bitcoin’s energy use got studied, and you libertarian nerds look even worse than usual | Grist
This is awful. What a waste:
Bitcoin’s energy footprint has more than doubled since Grist first wrote about it six months ago.

It’s expected to double again by the end of the year, according to a new peer-reviewed study out Wednesday. And if that happens, bitcoin would be gobbling up 0.5 percent of the world’s electricity, about as much as the Netherlands.

That’s a troubling trajectory, especially for a world that should be working overtime to root out energy waste and fight climate change. By late next year, bitcoin could be consuming more electricity than all the world’s solar panels currently produce — about 1.8 percent of global electricity, according to a simple extrapolation of the study’s predictions. That would effectively erase decades of progress on renewable energy.
energy  bitcoin  blockchain  cryptocurrencies  money  climate-change  planet  green 
may 2018 by jm

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