Re:Bitcoin could cost us our clean-energy future
by trophycase on Wednesday December 06, 2017 @12:24AM
(#15858747)
You can't really extrapolate the current growth rate. There is a maximum total mining revenue even if Bitcoin becomes the only globally used currency. The electricity usage likely won't exceed this unless miners begin to sell heat and displace traditional heat generation sources.
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Re:Bitcoin could cost us our clean-energy future
by hossbeast on Wednesday December 06, 2017 @01:14AM
(#15858961)
"There is a maximum total mining revenue even if Bitcoin becomes the only globally used currency.".
How are you coming to this conclusion? In addition to the coinbase, miners earn fees, which are valued according to current market conditions (supply and demand)