https://blog.bc.game/bitcoin-qa-energy-consumption/ All Things BC.Game, Bitcoin, Cryptocurrencies, & Blockchain Mon, 02 Sep 2019 02:38:58 +0000 hourly 1 https://wordpress.org/?v=6.4.14 https://blog.bc.game/bitcoin-qa-energy-consumption/#comment-91694 Mon, 02 Sep 2019 02:38:58 +0000 https://blog.bc.game/2019/09/02/bitcoin-qa-energy-consumption/#comment-91694 Such a great answer.

]]> https://blog.bc.game/bitcoin-qa-energy-consumption/#comment-91695 Mon, 02 Sep 2019 02:38:58 +0000 https://blog.bc.game/2019/09/02/bitcoin-qa-energy-consumption/#comment-91695 Usually you say good things Andreas, but if you just answered: Yes Bitcoin and PoW is awfully wasteful of energy and we need to solve that.
I would have kept you to higher standards. Cardano and their Ouroboros algo will run more decentralized then any other blockchain the world has seen by end of 2019. In addition it will be 100x faster and all this can run on a low energy computer similar to a RasberryPi. And we will all know it in a few months time. BTC will never solve its energy problems. And with todays knowledge of our planets climate issues… Sorry.

]]> https://blog.bc.game/bitcoin-qa-energy-consumption/#comment-91696 Mon, 02 Sep 2019 02:38:58 +0000 https://blog.bc.game/2019/09/02/bitcoin-qa-energy-consumption/#comment-91696 this is an awesome perspective that everyone needs to hear

]]> https://blog.bc.game/bitcoin-qa-energy-consumption/#comment-91697 Mon, 02 Sep 2019 02:38:58 +0000 https://blog.bc.game/2019/09/02/bitcoin-qa-energy-consumption/#comment-91697 Numbers. Show me the numbers. A lot of claims here.

]]> https://blog.bc.game/bitcoin-qa-energy-consumption/#comment-91698 Mon, 02 Sep 2019 02:38:58 +0000 https://blog.bc.game/2019/09/02/bitcoin-qa-energy-consumption/#comment-91698 "Bitcoin is easy to criticize for its energy consumption, because it's obvious". Yes indeed Andreas. I feel like you've danced around the question, there is a fundamental issue with a proof of work system. Surely Bitcoin must work to resolve this

]]> https://blog.bc.game/bitcoin-qa-energy-consumption/#comment-91699 Mon, 02 Sep 2019 02:38:58 +0000 https://blog.bc.game/2019/09/02/bitcoin-qa-energy-consumption/#comment-91699 If bitcoin was really this efficient the banks would have taken it over a long time ago. And know bitcoiners begin to talk about becoming the world bank by providing a centralised mining operation on which everyone else is piggybacking? But that would be equivalent to a takeover by the old banking system.

]]> https://blog.bc.game/bitcoin-qa-energy-consumption/#comment-91700 Mon, 02 Sep 2019 02:38:58 +0000 https://blog.bc.game/2019/09/02/bitcoin-qa-energy-consumption/#comment-91700 This guy has no freaking idea how the electrical grid works. I would also be surprised if he ever had a course in physics.

]]> https://blog.bc.game/bitcoin-qa-energy-consumption/#comment-91701 Mon, 02 Sep 2019 02:38:58 +0000 https://blog.bc.game/2019/09/02/bitcoin-qa-energy-consumption/#comment-91701 Luv the lateral thought process!

]]> https://blog.bc.game/bitcoin-qa-energy-consumption/#comment-91702 Mon, 02 Sep 2019 02:38:58 +0000 https://blog.bc.game/2019/09/02/bitcoin-qa-energy-consumption/#comment-91702 @1:56 using otherwise wasted energy towards running Bitcoin network

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