Bitcoin is an essential part of any civilised economy, how else can you pay for hitmen, illegal firearms & drug shipments?steve_1979 said:Yeah Bitcoin mining requires a crazy amount of electric. Iceland has become a popular place for bitcoin mining due to the low temperature which aids cooling of the computers. The country is on the verge of running out of power because the miners now use as much electric as all the homes put together! By the end of the year it's estimated that Bitcoin mining centres will demand around 840 gigawatt hours of electricity while homes require around 700 gigawatt hours per year.
There's no sign of these trends changing either. All that wasted energy for something that doesn't even physically exist. How can that possibly work out well for the human race in the long run? Madness!