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RE: Never could've forseen this

in #bitcoin7 years ago

I feel like this is a google placed advert; I was just on Youtube because i was watching silver related videos like a minute before I saw this. Either way electricity production will go up at the same trajectory as consumption if not higher. Supply and demand. There are lots of ways to make electricity.
I agree about owning silver but this was obviously an advert for once specific over spot value coin.

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No doubt there's some silver peddling associated with the video, but I'm still stunned at the amount of electricity projected to produce a coins. Does anyone know the current amount of electricity in kwh to produce a coin at this time?

Update, here's a link to one of the stories referenced in the video.

https://powercompare.co.uk/bitcoin/

it's no lie that given enough time and inevitable increase in mining power, that eventually bitcoin network and other cc's could use up to 50-60% of all eletricity production.
But not to worry. Lots of innovation in reknewable mining. there is no other option