Expert: Bitcoin does not devour electric power

Now almost every news release blaming the Bitcoin in the consumption of all electricity in the world. Any expert on conspiracy theories quickly confirm that all of these stories are born and fed banking cartel. Such is done in order to raise doubts in the society about how a good alternative Vietnam money is Bitcoin. And experts do not even try to expose these accusations.

The point is that Bitcoin is simply not able to devour the entire world’s electricity. And when you build such conclusions someone was guided by a completely erroneous figures. Dr. Jonathan refutes Kuma forecast Nature Climate Change in relation to the consumption of the whole Bitcoin world’s electricity in 2020. The statement that Bitcoin will provoke global warming of 2 degrees, also completely unfounded. On CCN give his opinion on the subject.

Of course, the energy sector must consider possible increased consumption of electricity with Bitcoin. But please, make the right calculations and do not enter people astray. The media blindly publish scary headlines about Bitcoin leave all of us without light. That’s just the point that at the moment Bitcoin consumes no more than 0.1 percent of the world total consumption. And it is unlikely that this figure will rise in the foreseeable future.

Kuma also gives an analogy with the denigration of the Internet in the early 2000s. Then, too, argued that the network consumes 10 per cent of global electricity. However, those statements were false. And they sounded from the lips of the same people.

How much energy spends Bitcoin

According to Dr. Jonathan, the power consumption is really necessary to consider. But to accuse Bitcoin of all crises is impossible. Most likely, the banking sector and governments are not yet willing to give way to a decentralized monetary system and try all means to tarnish the technology in the media. However, they completely forget to mention the positive properties and the benefits that Bitcoin can give to our society. More data look at cryptodata.

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