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RE: One Bitcoin Transaction Now Uses as Much Energy as Your House in a Week ... where is Bitcoin heading?

in #bitcoin7 years ago

Ultimately, even the alternatively-produced terawatts of power incur some operational cost, even if they're "totally free"- it can be minimized by using the mining gear to hear water or air for space-heating, or otherwise capturing waste ergs, but it's still an actual realtime cost, in every situation. More efficient mining (or entirely different modes of value creation, such as what we're doing here on Steemit) will still represent an energy cost- it behooves us to work to create such value with an eye to efficiently using our finite resources.