Redditor: Bitcoin Will Become Unsustainable in Terms of Energy Cost by Around 2030

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Fri, 07/12/2019 - 14:10
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Yuri Molchan
A new discussion on Reddit is being heated by a redditor who refers to an opinion of a computer and blockchain expert about Bitcoin mining issues
Redditor: Bitcoin Will Become Unsustainable in Terms of Energy Cost by Around 2030
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A redditor Illsellyoullbuy has provoked a heated discussion on the platform, posting an opinion of his friend who is “who is a computer engineer and quite expert on blockchain”, who claims that in 11 years Bitcoin will become too expensive to mine thanks to the continuous halvenings and a high electricity costs.

Miners will be forced to give up their business, the ‘expert’ says and without them extracting new Bitcoins will become impossible.

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Image by Reddit

The community’s reaction, however, was quite skeptical that the quoted friend was an expert on blockchain.

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Some also argued that electricity rates will inevitably go down in the future as new technologies are developing, providing more and more people with renewable sources of energy.

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Image by Reddit
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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.

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