Crypto

Bitcoin and climate impact (just FUD?)

I’ve been observing bitcoin since 2013 and it has never ceased to amaze me. I’m thinking about just hodling a percentage of my account in bitcoin but I wanted to know what you guys think about the future. Is this whole environment thing about bitcoin just FUD or is it an obstacle bitcoin will have to overcome? Ethereum is doing proof of stake but btc is the main and original crypto, and usually the first thing people think about when crypto is mentioned. What are your guys thoughts / insights?

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  1. https://www.enerdynamics.com/Energy-Currents_Blog/How-Much-Primary-Energy-Is-Wasted-Before-Consumers-See-Value-from-Electricity.aspx

    > Ever wonder how much of the primary energy that goes into creating electricity actual provides useful work to us as consumers? Well the answer is not much – depending on the device using electricity it’s anywhere from 30% to as little as 5%. So, where does all that wasted energy go and what can we do about it? Or is it even worth trying? To address these questions, let’s look at where electricity is lost in the delivery chain.
    >
    > Losses in generation, transmission, and distribution First, let’s consider the primary energy that enters the electric delivery system at the input to the generator and examine how much of the primary energy is delivered to the customer. According to the Energy Information Administration (EIA), the answer is 34%. In other words, 66% of the primary energy used to create electricity is wasted by the time the electricity arrives at the customer meter.

    Other sources claim that 17% of all power generated is wasted in the generation and transmission (with or without Bitcoin). Bitcoin uses one twentieth of one percent of all power:: 0.05 vs 17.0 percent.

    Bitcoin’s energy usage is not a problem – there is a lot of deception being pushed.

    https://www.youtube.com/watch?v=Mvchzpbv2hE

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