Bitcoin energy use

Bitcoin deniers are so heartless that they actually believe financial freedom for billions of people is not worth a small fraction of global energy production.

— ODELL 🇨🇦🚛 (@ODELL) December 11, 2021

"Let's say Houston on any given day needs 50 MW. Well during this cold snap, they need 150. Well you can't build out 150 MW for a single city because you don't have anywhere for that extra 100 to go when the grid is not needing it, so it's effectively wasted. And so what #Bitcoin

— Stephen Chow 🍁 (@chowcollection) February 14, 2022

According to Cambridge, there’s enough flared gas to power 5 bitcoin networks, all while converting CH4 to CO2. CH4 is 80x as warming as CO2 over 20 years. CH4 is responsible for 1/3 of all warming.

Huge win for the climate. https://t.co/e4PKP5o3sJ

— Troy Cross (@thetrocro) March 11, 2022

So in Quebec you're telling me ONE hydro powerplant produces 36+ GW,and MOST of this power is unused. ~1/6-1/3 of this unused power can run the ENTIRE #bitcoin network. THE ENERGY FUD NEEDS TO STOP. Absolutely ridiculous. @adam3us and @100trillionUSD on @PrestonPysh .

— Churchofbitcoin (@Bitcoinschurch) June 2, 2021

This is what happens when you act smarter than you are in a space full of the smartest people in the room Maher @billmaher

pic.twitter.com/IjBCRTT0x4

— Indiana Hodl (@IndianaHodl) May 9, 2021

#Bitcoin recycles .25% of the world's wasted energy to create prosperity & freedom. pic.twitter.com/YSsyz6OkVW

— Michael Saylor⚡️ (@saylor) May 28, 2021

If bitcoin needs anything, it’s more white papers. In this one, @Square and @ARKInvest team up to argue for bitcoin as a key driver of renewable energy’s future: https://t.co/UmayxNtCFJ

Hate reading? Here’s the nutshell version:

— Spiral (@spiralbtc) April 21, 2021

2) #Bitcoin produces less CO2 than other financial systems. Paper currency minting emits approximately 11x CO2, gold mining 90x and the banking system emits 650x the CO2 of Bitcoin. Same approximate trajectory holds for energy consumption. pic.twitter.com/eDi191qvHV

— Gabor Gurbacs (@gaborgurbacs) April 22, 2021

The world produces 160,000 TWh every year.

50,000 TWh is wasted.#Bitcoin uses 150 TWh.

— Danny Scott ⚡ (@CoinCornerDanny) May 13, 2021

For the record:

Each one of these HashGenerators deployed by @upstreamdatainc conserves about 7,500,000 cubic feet of methane emissions yearly.

So I can objectively prove that @bgarlinghouse's statement is explosively stupid & categorically false. pic.twitter.com/1PrsoDRiMm

— 🏔Adam O🏔 (@denverbitcoin) March 31, 2021

Next time you encounter the “bitcoin uses too much energy and is destroying the planet” crowd — show em this video.@nic__carter maybe this will save you some time 🤷‍♂️ $BTC pic.twitter.com/Vih9F0k9WU

— 🏔Adam O🏔 (@denverbitcoin) April 19, 2021

Since when is anything that uses electricity evil? Should we survey the ROI on every industry or just shut down the Internet and power plants, and roll civilization back to the stone age? Maybe energy is underpriced. That's not the consumer's problem. Crypto is net positive.

— Jesse Powell (@jespow) March 20, 2021

This is my new favorite chart for all the people complaining about #Bitcoin being wasteful.
67.5% of all energy in US is wasted. Bitcoin fixes this. pic.twitter.com/qTMNU12niU

— WhalePanda (@WhalePanda) March 19, 2021

The next time someone complains about bitcoin's energy usage, hit them with the real concern about the extreme costs of inflationary currencies which must be spent quickly on cheap ass disposable shit people don't really need because of the insane requirement for constant growth. pic.twitter.com/fym0Vk0L71

— jratcliff63367 (@jratcliff) March 13, 2021

Wait until you see how much energy the US Dollar uses! pic.twitter.com/28sG0BtrAp

— Dan Held (@danheld) March 9, 2021

Which is the bigger threat to the environment?

-A gas essential to all living beings composing 0.04% of the atmosphere?

-The world's armies being able to indefinitely devalue their citizens' savings to fight endless wars?#Bitcoin pic.twitter.com/N7eRQDbk2w

— Saifedean.com (@saifedean) March 14, 2021

As Bitcoin price hitting another ATH, people are still talking about Bitcoin’s negative impact on environment.
Bixin group currently manage 2.5% of entire global Bitcoin network through our mining operation, and here are some thoughts:

— Mustafa Yilham (@MustafaYilham) March 14, 2021

If you're upset about someone using electricity for something you do not approve, be sure to only express your views through media that require no electricity so listeners don't think you're a dumb hypocrite.

— Saifedean.com (@saifedean) March 13, 2021

Bitcoin mining is a more USEFUL way of using energy than *any other* use. Why? Because otherwise nobody would be mining! You buy what is most useful to you at the time. Price dictates utility and the market is choosing #Bitcoin 4/4

— Steve Barbour 🇨🇦 (@SGBarbour) March 12, 2021

irony: climate hysterics picking on bitcoin mining, an industry with one of the highest penetrations of renewable energy as a source for power generation

— Marty Bent (@MartyBent) March 11, 2021

sir energy consumption and transaction throughput are unrelated

proof-of-work secures the historic record of *past* transactions

— Parker Merritt (@ParkerMerritt) November 26, 2021

Bitcoin mining could be the best thing to happen to renewables in years: it makes them economically viable in places they'd otherwise never get built.

People who care about transitioning from fossil fuels to renewables should be the biggest supporters of Bitcoin out of everyone.

— Jake Chervinsky (@jchervinsky) November 27, 2021