Each Bitcoin Transaction Uses As Much Energy As Your House In A Week

via ZeroHedge.com – While Bitcoin bulls will probably never have it so good as they have in 2017, we wonder whether many of them have stopped to think about the environmental downside of this roaring bull market. After all, back in the dot.com boom, people had ideas about potential internet businesses, issued pieces of paper representing ownership and watched their prices go parabolic parabolic. All it took was a Powerpoint presentation, some computer programming expertise and a “research” report, courtesy of Mary Meeker, Henry Blodgett et al.

The environmental downside we’re referring to in Bitcoin is, of course, is energy.

We alluded to this in a constructive way here when we noted that a new Bitcoin mining hub is developing in Iceland, where the natural temperature dramatically reduces the cost of cooling computing hardware.

The primary energy requirement, however, goes into the computing power to “mine” the Bitcoins. The Bitcoin mining industry can consume 24 terawatt hours of electricity and still be profitable – the Motherboard website provides some context

Continue reading Each Bitcoin Transaction Uses As Much Energy As Your House In A Week

Advertisements

DAPL Peace Activists Shot by Policy Enforcers; Held in dog cages; UN Investigates Human Rights Abuses;

Don’t be angry, be prayerful . . .

 

NEW EVIDENCE: ON 10-27-16 they SHOT A LIVE LETHAL ROUND at one of our UNARMED YOUTH HORSE RIDERS WHO WAS RIDING AWAY FROM THEM. This is what happens in America when we let our politicians get bought by Big Oil Corporations. This is a police state, this is not American, this is Fascism.

Human rights abuses galore. People being held in dog kennels. Police Brutality, Reckless Endangerment, Lines blurred between DAPL security/police, Zero Police Accountability, Police taking orders from unidentified masked men, Illegal Search and Seizures, Unjust charges pressed on Journalists, Egregious Felonies placed on protectors, Excessive bond sought by states attorney, NO CHARGES ON POLICE OR SECURITY TO DATE (none for the dog attacks, or illegal shooting of drones, or the DAPL infiltrator who broke through a barricade chasing protectors with an AR-15).

Continue reading DAPL Peace Activists Shot by Policy Enforcers; Held in dog cages; UN Investigates Human Rights Abuses;