Here’s an article in Bloomberg that looks at the costs in electricity from mining Bitcoins.
Blockchain.info, a site that tracks data on Bitcoin mining, estimates that in just the last 24 hours, miners used about $147,000 of electricity just to run their hardware … The trade-off here is that as virtual value is created, real-world value is used up. About 982 megawatt hours a day, to be exact. That’s enough to power roughly 31,000 U.S. homes, or about half a Large Hadron Collider.
Really?
Why is this a problem?
How does the cost of people around the globe watching You Tube compare?
If the Bitcoin miners are buying their electricity (they are), where’s the problem? If you’re gonna whine about the electricity they use, then you probably need to come clean and whine about other uses for electricity, like watching You Tube, yeah? Or playing WOW (or whatever). Maybe we should just restrict electricity use to socially beneficial uses, for the greater good. Comrade.
Whining about Bitcoin electricity use
Is.
Just.
Whining.