Published on November 14th, 2017 | by bitcoin0
Bitcoin efficiency Wasting Ponzi Scheme
The media organization Diginomics estimates that the energy consumption to fuel bitcoin is equivalent to the consumption of just under 2 million average U.S. households.
Bitcoin mining takes considerable energy.
Eventually, authorities will crack down on the illegal channels of currency controls with bitcoin, and the value of bitcoin will fall.
Like bitcoin, we guarantee that new bittokens can be purchased at the same and ever-increasing price as it costs to mine bitcoin.
By not wasting electricity and using the money to make productive investments, the trust can produce social goods—creating jobs, fighting disease, building infrastructure, or encouraging energy efficiency.