THE WORLDWIDE BITCOIN PHENOMENA IS DESTROYING THE PLANET.
The bitcoin network requires a massive amount of energy to function and progress.
The energy used for one bitcoin transaction is the same as taken to power 9 US homes for 24 hours.
As more people mine bitcoin,the maths problems PCS have to solve become more complex which means computers use more energy to work them out.
Cryptocurrencies are slowing the transition from fossilfules to renewables.
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The computing power of the bitcoin network is 100,000X faster than the top 500 supercomputers combined.
The total energy use of this web hardware is huge.An estimated 31 TERAWATT hours per year.
Over 150 countries consume less energy anually.Power draw is going up by 450 GIGAWATT hours per day which is more than the entire nation of Haiti uses in a year.
Bitcoin mining has caused blackouts in Venezuela,where electricity is subsidised.
By July 2019,the bitcoin network will use more electricity than the US.By February 2020 it will use more than the entire world does today.
