Could all the electricity wasted on mining cause a collapse of civilization?

[SoesWasBetter]

Probably not, but just another reason to put this ridiculous enterprise out of its misery.

 

[Humpy]

Dump has promised the voters of coal mining areas that their industry's jobs are safe and anyone who says different is branded a lier.
Money and votes are all that matter to him.

 

[Javier]

Nope. Electricity production numbers are at records. It seem you have very wrong numbers.

 

[Humpy]

If electricity production levels are at peak levels then suppliers will be able to charge more and make more profit.

 

[fordewind]

of course.b/c fresh water fills the holes the miners drill and gone forever.

 

[just21]

Bitcoin mining is concentrated in China as they have very low or free electricity. If electricity was in short supply the price would rise.

 

[algofy]

Bitcoinz rulez

 

[Javier]

Just an opinion.electricity cost is close to free for them.Taxes are high in my opinion, but people are paying them.Easy electricity production+high taxes+people dnt care pay them = you can see charts results.

 

[Sig]

Nope. Electricity production numbers are at records. It seem you have very wrong numbers.

If you're talking about the United States then you may be interested to know that electricity use is in fact not only growing at historic rates but is actually falling in absolute terms(https://www.eia.gov/electricity/data/browser/) A large push toward energy efficiency, purely for cost savings that it affords the companies that engage in it, along with innovative financing structures that ESCOs bring, has significantly depressed electricity demand and this is only expected to continue.

I'd be curious to know what data you're basing your assertion on?

 

[Nereto]

Probably not, but just another reason to put this ridiculous enterprise out of its misery.

You're still upset about getting margin called like 50 times on your btc shorts?

Keep shorting!