Bitcoin could destroy the planet

Photo: AmericaRU.com

Last week the cost of one bitcoin for the first time exceeded the barrier of 10,000 dollars. Last weekend, the price reached almost $ 12,000. In the beginning of this year it cost less than $ 1,000.

Of course, this rapid rise is impressive, but bitcoin was not intended to be investment tool. Its creators assumed that it would be some kind of substitution of money – decentralised, secure, anonymous method of transmission of values between people.

But what casateli may not have considered is how much energy is used computer networks that handle bitcoins. For bitcoin transaction requires the same amount of electricity for 9 buildings in the United States within 24 hours. And miners are constantly installing more and more computers. Now the total computing power of the bitcoin network almost 100,000 times more than the 500 fastest supercomputers in the world.

Depressing that the growth of bitcoin also comes at a certain moment in the history of mankind is behind schedule in the fight against climate change for decades.

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