Will Bitcoin’s energy consumption really reach 100x? Not without an 'absurd' future price tag says provoost. (Reporting via WilliamSuberg)
) energy debate says that 1 BTC would have to cost $20 million to use 100 times its current energy demands.Bitcoin: A Work in ProgressBitcoin could survive on “waste energy breadcrumbs”that has gone from within the industry to global government.
While critics argue that Bitcoin must reduce its energy consumption, others explain that Bitcoin, in fact, uses energy that would often otherwise be wasted or inaccessible. Responding, Provoost calculated that for energy use to increase proportionally with changes in the Bitcoin network’s preprogrammed changes, it would have to become an “absurd” $420 trillion entity.
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