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Is it true that bitcoin mining uses 50% of the world's energy consumption
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[QUOTE="Lens1000, post: 123422, member: 37726"] To maintain a balance of the ecosystem, a greener energy will help reduce the depletion of the ozone layer and will help maintain a natural balance of the worlds ecological system The power deployed in mining the bitcoin is a thing that should raise concern. A recent studies showed that the all the bitcoin mining rig uses 50% of the energy used in the whole world. The researchers claimed that bitcoin mining used 110 terrawatts/year while the total energy consumed in the whole world is 220terrawatt/ year This is the reason why the SpaceX billionaire, Elon Musk called for the use of a more environmental friendly energy in the bitcoin mining farms. Why do you think that the bitcoin mining consume a lot of energy? Or was it as a result of a technological defect? [/QUOTE]
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Is it true that bitcoin mining uses 50% of the world's energy consumption
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