It's surprise that the Virtual Currency has through 10 years developments, yet the price are increased daily. Meanwhile, The Bitcoin price has been reached to the 9,900 U.S. dollar level. The finical and chain block expert Alex Devries pointed out, In 2018, Mining Bitcoin requires electricity power for over 7.67GW. However, Increasing Electricity of demand have no use for solving the global warming issue.
A report was published in Joule named 「Bitcoin’s Growing Energy Problem」, pointed out that Bitcoin are now spend about 2.55GW power per a year, approximate 5% of the global electricity consumption. As the growing population of the Bitcoin scale and participation of people, That the electrify consumption will reach to a terrible power level of 7.67GW, by comparing with the Ireland electrify consumption are 3.1GW and Austria is 8.2GW.
Bitcoin are handle about 200,000 trading per a year: which means each trademark are spending 300Kwh power, and may reach to the 900kWh in the final of 2018. As the scale are keeping extended, The total amount of power for Mining Bitcoin could account for about 5% of the world. Further more, people may upgrade their devices such as computer and server in order to digging more Bitcoin. In short, there are still plenty of rooms for the increasing power prices.
The Bitcoin community are also try to ease the power consumption problem. They are now making a special network only for the usage of Bitcoin mining, which called the “Lightning Network”, to slove the issue. However, it’s only a idea plan of solving the issue, without any action, things could not solve themselves.
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