Redditor: Bitcoin Will Become Unsustainable in Terms of Energy Cost by Around 2030
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
News
Fri, 07/12/2019 - 14:10
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.
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.
Image by Reddit
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He 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.