Cryptocurrencies need to get their shit together. It consumes 0.5% of the world's energy today, and consumes 20% more month over month. May 2018: 1/200. Dec 2020: 200/200. Cryptocurrencies need to be banned today. Not tomorrow. Not in a year. Today.https://grist.org/article/bitcoins-energy-use-got-studied-and-you-libertarian-nerds-look-even-worse-than-usual/amp …
-
Not sure about the details, but here's some facts that might resemble an answer: - hashes become increasingly more expensive to brute force - spending more time breaking hashes increases your chance of reward - energy consumption scales 1:1 with time spent breaking hashes
0.5% of all the world's energy is too much. I think the question is how much worse it'll get. Bad already. Worse in the future :(
