Interesting read With the electricity that is going to be needed world wide we will need all the sources we can get. I don't think that we have enough nuclear, hydro, solar, wind etc to satisfy the coming electricity needed in the future.
Here are some interesting bitcoin items:
Here are a few other interesting facts about Bitcoin mining and electricity consumption:
- In the past month alone, Bitcoin mining electricity consumption is estimated to have increased by 29.98%
- If it keeps increasing at this rate, Bitcoin mining will consume all the world’s electricity by February 2020.
- Estimated annualised global mining revenues: $7.2 billion USD (£5.4 billion)
- Estimated global mining costs: $1.5 billion USD (£1.1 billion)
- Number of Americans who could be powered by bitcoin mining: 2.4 million (more than the population of Houston)
- Number of Britons who could be powered by bitcoin mining: 6.1 million (more than the population of Birmingham, Leeds, Sheffield, Manchester, Bradford, Liverpool, Bristol, Croydon, Coventry, Leicester & Nottingham combined) Or Scotland, Wales or Northern Ireland.
- Bitcoin Mining consumes more electricity than 12 US states (Alaska, Hawaii, Idaho, Maine, Montana, New Hampshire, New Mexico, North Dakota, Rhode Island, South Dakota, Vermont and Wyoming)
https://www.zerohedge.com/news/2017-11-24/will-bitcoin-mining-consume-all-worlds-current-electricity-production-feb-2020