I heard one guy say the the energy invested in computational power to mine bitcoin is coming close to outweighing the profits. When the electric bills cost more than the coins you mine, the choking point will be reached. We will definitely have to come up with alternate models or proofs. Though it made the GPU makers a lot of scratch :)
https://www.financemagnates.com/cryptocurrency/news/infographic-much-cost-mine-one-bitcoin-country/
Wow! yeah, I was right. Bitcoin is definitely not a green currency by any stretch. That's a lot of burned fossil fuels and KWH, when you consider Iceland is saying the whole country cant supply enough power to run the industry they fear is coming. I would say that if you care about the environment, find a cleaner crypto. It also tells me that all that green philosophy everybody spouts is total BS when there's money to be made.
You know another thing I was told was that the supply of Bitcoins was finite. There is a set number of them that can be mined. Maybe that's when this will all end for them. GPU's will get cheap again lol.
Exactly! the GPU makers stand a huge advantage in the mining game