Country closest to #Bitcoin in terms of electricity consumption: Czech Republic
Electricity consumed per transaction (KWh): 981
Number of U.S. households that could be powered by Bitcoin: 6,398,945
Bitcoin's electricity consumption as a percentage of the world's electricity consumption: 0.31%
Carbon footprint per transaction (kg of CO2): 480.57
Source: https://digiconomist.net/bitcoin-energy-consumption
Bitcoin will soon surpass Chile, Austria and the Philippines. Holy fucking shit. We have to stop this.
@resist_berlin get this FUD outta here! 🤮🗑️
@uranther I'm not claiming that these estimates are the absolute truth. If you have other numbers, feel free to post them 🙂
I have to say though that the authors explain in detail how they calculate this, and I think they make some reasonable assumptions. No FUD intended!
@resist_berlin
Good for them. Calculating electricity per transaction is meaningless since the network energy consumption simply does not scale with respect to transaction volume. It shows a blatant lack of understanding of the technology and invalidates their analysis.
@uranther It is meaningless in the sense that one new transaction does not *cause* the consumption of 981 additional kWh. But as a measure for the inefficiency of the network - numbers of transactions divided by total energy consumption - it is still a valid indicator.
@resist_berlin
Efficiency* #ftfy
