[Cryptography] An academic paper on Bitcoin's energy consumption
Bill Frantz
frantz at pwpconsult.com
Thu Jan 7 17:33:50 EST 2021
On 1/7/21 at 5:33 AM, ikizir at gmail.com (Ismail Kizir) wrote:
>The dependence of nearly 80% of the world’s energy consumption on fossil
>fuels and that this situation is not likely to change in the future
This is a very questionable assumption as the price of wind and
solar power is predicted to drop below that of fossil fuels
around 2025 (New York Times). It's amazing what happens to the
costs when the fuel cost is zero.
Even if this estimate is all wet, there are many new solar
systems being installed driven by the desire to have a power
source independent from the public utility. Price isn't the only
factor that motivates people's choice.
Cheers - Bill
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