Steven Vervaecke: The True Cost of Bitcon Is Energy

True Cost

This is another big problem i have with Bitcoin, alt coins and other blockchain based platforms. you have to mine it which consumes a TON of electricity, and then for each transaction everyone needs to cryptographically check it before it gets accepted. Which consumes some power as well. Unless we suddenly have commercial free energy devices this is very bad for our planet.

Bitcoin Consumes ‘More Electricity Than Argentina'

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