[LINK] Bitcoin and global warming

[Bernard Robertson-Dunn]

No, bitcoin isn't likely to consume all the world’s electricity in 2020
https://www.cnbc.com/2017/12/21/no-bitcoin-is-likely-not-going-to-consume-all-the-worlds-energy-in-2020.html

* Estimates of bitcoin's soaring energy use are likely overstating the
electric power required to mine the cryptocurrency, top experts warn.

* One model from Digiconomist is being widely cited by journalists,
analysts and investors, but researchers say its estimate is not based on
hard data.

* Digiconomist's estimate of bitcoin's energy consumption is the basis
for a lofty projection that reminds some experts of debunked forecasts
that led businesses to over-invest in internet infrastructure.

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Regards
brd

Bernard Robertson-Dunn
Canberra Australia
email: brd at iimetro.com.au
web:   www.drbrd.com
web:   www.problemsfirst.com