Bitcoin and Ethereum: their mining consumes the equivalent of a nuclear power plant
Your graphics card can bring you money! With such a promise, cryptomonas such as Bitcoin and Ethereum attract more and more curious, amateur or professional, not to mention companies that see in their technology the foundations of the future of financial exchanges. Unfortunately, cryptomonas have an enormous defect: they consume an unreasonable energy.
A nuclear power plant to undermine
According to Digiconomist calculations, the mining of Bitcoin and Ehtereum, the two major virtual currencies, requires nothing less than 19.16 TWh per year. 19 160 billion watts-hours per year. That is as much as a country of 18 million inhabitants like Syria or about as much as the production of one of the 19 French nuclear power plants.
The future is alarming because by its very nature, the difficulty of creating cryptomonies is increasing. Before their use becomes commonplace, Bitcoin, Ethereum and their cousins will have to transform to reduce their appetite in watts.
I'm a huge advocate of cryptocurrencies but it has always seemed to me rather odd that these futuristic technologies are so ancient in respect of the fact that they damage the environment like this. Why not invent a crypto that is more forward-thinking and eco-friendly?
You can have a look at Gridcoin , the power is used to do math operations for some really helpfull projects.
I'll check it out. Thanks.
Its just very complicated to set it up correctly
Nice job fo9ma keep posting :D