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Discussion on: Bitcoin 101

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randomjkbn profile image
random

Oh...this is super interesting to know! I hadn't thought about bitcoin from that perspective.

I had read about people using volcanoes to power bitcoin mining and was wondering why they needed so much power. This explains so much. Thanks a lot for sharing!

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mccurcio profile image
Matt Curcio • Edited

Crazy, right?
I read recently that all Bitcoin is using more energy than Argentina, the COUNTRY! It surpassed Ireland some time ago...
Others have called Bitcoin a huge Ponzi Scheme.
I am particularly worried about the use of Bitcoin to extort money for criminals to fund more ransom-ware attacks.

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randomjkbn profile image
random

Woah! More energy than a county? - That's insane!

Will the energy requirement become 0 after all bitcoin has been mined? Just wondering...