{"id":15866,"date":"2021-05-13T14:25:38","date_gmt":"2021-05-13T14:25:38","guid":{"rendered":"https:\/\/www.icebreakerexecutive.com\/?p=15866"},"modified":"2021-05-13T14:25:38","modified_gmt":"2021-05-13T14:25:38","slug":"bitcoin-energy-consumption","status":"publish","type":"post","link":"https:\/\/winningthinking.co.uk\/?p=15866","title":{"rendered":"Bitcoin energy consumption"},"content":{"rendered":"

#LOLatBitcoin<\/a>,\u00a0#bitcoin<\/a>\u00a0is the ninth most valuable asset in the world,\u00a0now requires nearly as much energy as the entire country of Argentina. The Bank of England had warned that\u00a0cryptocurrency had \u201cno intrinsic value\u201d and claimed investors would lose supporters\u2019 money. The Sierra Club\u00a0study pointed out that if Bitcoin mining processes carry on the way they are, in 30 years’ time they could increase the world’s temperatures by 3.6 degrees Fahrenheit (two degrees Celcius). The environmental impact would be catastrophic.<\/p>\n

AND \u201cBitcoin\u2019s energy consumption has more than quadrupled since the beginning of its last peak in 2017 and it is set to get worse because energy inefficiency is built into bitcoin\u2019s DNA,\u201d Charles Hoskinson,<\/p>\n

BUT… The cryptocurrency had previously hit record values with both\u00a0ethereum (ether) and cardano (ADA) hitting all-time price highs.<\/p>\n

Time to get back rigour in our thinking – no thinking happening here.<\/p>\n

In terms of data collection it starts with simple HUMAN trigger – “that doesn’t seem right”<\/p>\n

enjoy Tom<\/p>\n","protected":false},"excerpt":{"rendered":"

#LOLatBitcoin,\u00a0#bitcoin\u00a0is the ninth most valuable asset in the world,\u00a0now requires […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15866","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nBitcoin energy consumption - www.winningthinking.co.uk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/winningthinking.co.uk\/?p=15866\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin energy consumption - www.winningthinking.co.uk\" \/>\n<meta property=\"og:description\" content=\"#LOLatBitcoin,\u00a0#bitcoin\u00a0is the ninth most valuable asset in the world,\u00a0now requires [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/winningthinking.co.uk\/?p=15866\" \/>\n<meta property=\"og:site_name\" content=\"www.winningthinking.co.uk\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-13T14:25:38+00:00\" \/>\n<meta name=\"author\" content=\"ionostest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ionostest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?p=15866#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?p=15866\"},\"author\":{\"name\":\"ionostest\",\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/#\\\/schema\\\/person\\\/018fe961d8c94a6bd8f767d89aff5614\"},\"headline\":\"Bitcoin energy consumption\",\"datePublished\":\"2021-05-13T14:25:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?p=15866\"},\"wordCount\":170,\"commentCount\":0,\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/winningthinking.co.uk\\\/?p=15866#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?p=15866\",\"url\":\"https:\\\/\\\/winningthinking.co.uk\\\/?p=15866\",\"name\":\"Bitcoin energy consumption - 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