Bitcoin must die
If Bitcoin were to cease trading tomorrow, 0.5% of the world’s electricity demand would simply disappear. This is roughly equivalent to the output of ten coal-fired power plants, emitting 50 million tonnes of CO2 per year – which would cover one year’s worth of the carbon emission cuts required to limit temperature rises this century to 2C. It is not a solution by itself, but it would be a good year’s work. Bitcoin is made from ashes, and if ashes were legal tender, humanity would burn everything in sight and call it progress.
(tags: environment bitcoin ecology future earth cryptocurrencies pow electricity climate-change)