The Bitcoin Network currently uses as much energy as the country of Austria. Think about the future when you invest today.
digiconomist.net/bitcoin-energy-consumption
digiconomist.netPosted Aug 16, 2018, 5:56 PM UTC
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digiconomist.netI wonder how much energy NASDAQ datacenter consumes. Or all the mobilephones in the world. And TV's and washing machines an refrigerators and the worst: Trains, especially bullet ones: you can mine a lot of BTC with that wasted energy (assuming a train is empty - which it mostly is)
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Just like the Trojan Horse of old, Bitcoin will reveal its full power and nature
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Then just use Bitcoin Cash!
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Next up, the Phillipines, a country of 100 million people! You can either power 100 million people's lives or get 7 TPS with Bitcoin.
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Or run the AC in LA for 6 hours.
Bitcoin mining isn't as power intensive as everyone likes to think. Those miners are getting incredibly efficient these days.
Not to mention the mining demand for power and their willingness to relocate for cheap power is a driving force behind alternative energy sales. The mining power demand has positive effects and the negatives are relatively mute considering how much powers is used just to keep downtown Los Angeles buildings cool, or to keep the lights on on the Las Vegas Strip.
Look up what other things use electricity and maybe take up the fight somewhere where it makes a bigger difference if this is important to you.
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Because printing and regulating fiat requires zero energy!!!!!
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There are other less energy-intensive decentralized consensus mechanisms coming down the pipeline, most attractive to me is Ethereum Proof of Stake, which seems much more ready to be released than we previously thought, based on Vitalik's tweet storm yesterday. I have my doubts that BTC energy consumption is even sustainable, so I have big doubts about investing in it long term.
I find it funny everyone is trying to jump on the BTC train right now, while ETH is below $300 and likely about to change the world within a year. But buy high and sell low is the average crypto investor's way of life.
You get that ETH is not a payment system at it's core right?
It works just fine as one and with cheaper fees already, before the scaling increases have even been implemented.
https://bitinfocharts.com/comparison/transactionfees-btc-eth.html#log
Blocktimes are much faster in ETH as well. 10 minutes (600 seconds) vs. 15 seconds- 40x faster. Who would knowingly pick the slower one as a payment system? Don't say Lightning Network, no one wants that banker shit.
https://bitinfocharts.com/comparison/confirmationtime-btc-eth.html#log
Banker shit? Lightning is an opensource project. Also there is a lot more to sound money than transaction times. You come off as extremly ignorant. You know Ethereum fanboys are getting desperate when they start changing the goal posts from "world computer" to wanting to be like Bitcoin.
Lol clearly you haven’t used ethereum during a popular ICO launch or while the network is being spammed by EOS fanboys or anytime the mem pool isn’t empty really.