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

Sig said:
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?
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World Production https://yearbook.enerdata.net/electricity/world-electricity-production-statistics.html
 
Nereto said:
You're still upset about getting margin called like 50 times on your btc shorts?

Keep shorting!
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Is that your best shot? Kinda sad. Fantasy of your that I was ever short, or even put my hard earned money in a scam #btc account.
 
SoesWasBetter said:
Is that your best shot? Kinda sad. Fantasy of your that I was ever short, or even put my hard earned money in a scam #btc account.
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Sure keep on believing that bud. Try to block it out as best as you can! Meanwhile other people are making millions trading this "scam" :)
 
I have enough on my plate that I don't need to swim in the bitcon waters, but yes, for pure money making , it's fine. Same as all the fraud penny stocks that folks made and lost millions with .

I have no problem with trading the con, only believing in it.
 
It is an absolute disgrace that someone so high up and influential has denied the science of climate change and is willing to support dirty industries like coal mining just for some lousy votes.
 
Sig said:
Since you were responding to a post about Trump and coal jobs in the U.S., the U.S. electricity market is perhaps more relevant than the growth in load in India. Not really viable to ship thermal coal that far at a large scale.
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Nope man, I answered to the topic wich is Cryptocurrencies /
"Could all the electricity wasted on mining cause a collapse of civilization?"

I understand civilization as the whole world, not only U.S. (China make +30% over US. )
 
The VERY big drain on electricity resources is not the mining industry. It will be the charging up of the electric cars. European politicos are talking about banning sales of all diesel and petrol engine cars by 2040.
To cope with this heavy demand the US for instance would need hundreds of new power plants.
 
Humpy said:
The VERY big drain on electricity resources is not the mining industry. It will be the charging up of the electric cars. European politicos are talking about banning sales of all diesel and petrol engine cars by 2040.
To cope with this heavy demand the US for instance would need hundreds of new power plants.
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Excel energy did a study which indicated a 19% increase in electricity generation capacity with 100% EV penetration (http://www.slate.com/blogs/quora/20...w_much_energy_would_we_need_to_fuel_them.html). Substantial but not civilization ending.
 
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