Bitcoin- going through the roof!

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  • redface
    redface Forum Participant Posts: 1,701
    1000 Comments
    edited December 2017 #32

    Oops! it has just gone the wrong way.

    Thankfully I was not invested in it!

  • SteveL
    SteveL Club Member Posts: 12,300 ✭✭✭
    5,000 Likes 1000 Comments
    edited April 2021 #33

    I admit to not really understanding Bitcoin or how they are administered. However, if this article (LINK for full articlehighlights below) from the Telegraph is anything to go by, their carbon footprint is massive

     

    The study, published in the Nature Communicationsjournal, predicted that the energy usage of the Bitcoin blockchain would peak in 2024 at almost 297 terawatt hours and generate 130.5 million metric tons of carbon emissions.

    This would mean the industry ranks 12th in the world in terms of energy usage, ahead of Italy, Saudi Arabia and Spain, and just below the UK. It would also become more carbon-intensive than countries including Nigeria, Belgium and Qatar.

  • redface
    redface Forum Participant Posts: 1,701
    1000 Comments
    edited May 2021 #34

    Hey - I've got a piece of paper with 8 digits on it.

    Is that a bit coin and do you wish to buy it off me?wink

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