. #21217

issue rebroad opened this issue on February 17, 2021

rebroad commented at 2:08 PM on February 17, 2021: contributor

I am wondering at what point this issue will be addressed. With the price around $50,000 Bitcoin is using more than 120 TWh of electricity. If Bitcoin replaces gold, and becomes $500,000 per Bitcoin, then it's reasonable to assume the consumption will be 1200 TWh, which would be more than the usage of India (the 3rd biggest user of electricity worldwide).

Electrum, the 2nd biggest market cap in crypto is aiming to move to Proof of Stake. Does Bitcoin have any plans to address this ethical issue?
rebroad added the label Feature on Feb 17, 2021
fanquake closed this on Feb 17, 2021
fanquake locked this on Feb 17, 2021
fanquake removed the label Feature on Feb 17, 2021
fanquake renamed this:
~~If bitcoin replaces gold it'll use more electricity than India~~
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on Feb 18, 2021

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