Quote:
Originally Posted by Fuzz
Just don't read to far in the article...
Well, let's see, a quick Google tells me it's 5.1TWh in 2019, so not even close to Bitcoin. "I'd probably say" is key for "I couldn't take 3 seconds to check my suspicion because I believe what I want to believe." Then to also compare it to the banking system is nonsensical. If Bitcoin were to replace all of our banking, it'd be consuming orders of magnitude more power, as it is currently designed.
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My apologies if I posted an article that contains inaccurate statements. Like many things on the internet, it is hard to know which source to trust. Perhaps I should not have posted it. I suppose a better post would be:
I am of the opinion that it's logical Bitcoin will switch to a more energy efficient Proofing method once other cryptos like ADA and ETH prove it is stable and secure enough.
The point I was trying to make was Bitcoin could replace a warehouse full of mining computers with a single laptop. The energy usage is definitely a problem for Bitcoin currently but there is a solution available.