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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    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

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.

Reddit image 2

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.

Reddit image

 

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About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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