PDF Publication Title:
Text from PDF Page: 005
Does Bitcoin Have an Energy Problem? 5 Of course, Bitcoin is not a country. Comparing its energy consumption to countries does not accomplish much beyond giving a reference point to the amount of energy that is being used. If we consider the top ten countries in the world by energy consumption that have mining operations, Bitcoin at most makes up 1.29% of any one country’s total energy consumption. Using the United States as a reference point, video game consoles make up ~0.25% of energy consumption, while construction (~2.2%), commercial cooling (~2.7%), commercial ventilation (~2.9%) and commercial lighting (~3.0%) each make up roughly 2 - 3% of energy consumption, respectively. While this may seem intentionally misleading to the reader, it is important context. Charts that show national energy use with Bitcoin as its own country are leaving out that Bitcoin mining energy consumption is distributed among various countries as a subset of each country’s total energy consumption. With this in mind, comparisons between the energy consumption of Bitcoin and countries are largely useless. Countries spend energy on a lot of things. A lot of those things are really important. A lot of those things are far less important. However, what countries do not directly spend energy on is a global, trustless, permissionless payment settlement network and a digital, aspirational store of value.PDF Image | Does Bitcoin Have an Energy Problem
PDF Search Title:
Does Bitcoin Have an Energy ProblemOriginal File Name Searched:
Does-Bitcoin-Have-an-Energy-Problem.pdfDIY PDF Search: Google It | Yahoo | Bing
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Turbine IT XR Project Redstone Design: NFT for sale... NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Includes all rights to this turbine design, including license for Fluid Handling Block I and II for the turbine assembly and housing. The NFT includes the blueprints (cad/cam), revenue streams, and all future development of the IT XR Project Redstone... More Info
Infinity Turbine ROT Radial Outflow Turbine 24 Design and Worldwide Rights: NFT for sale... NFT for the ROT 24 energy turbine. Be part of the future with this NFT. This design can be bought and sold but only one design NFT exists. You may manufacture the unit, or get the revenues from its sale from Infinity Turbine. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Supercritical CO2 10 Liter Extractor Design and Worldwide Rights: The Infinity Supercritical 10L CO2 extractor is for botanical oil extraction, which is rich in terpenes and can produce shelf ready full spectrum oil. With over 5 years of development, this industry leader mature extractor machine has been sold since 2015 and is part of many profitable businesses. The process can also be used for electrowinning, e-waste recycling, and lithium battery recycling, gold mining electronic wastes, precious metals. CO2 can also be used in a reverse fuel cell with nafion to make a gas-to-liquids fuel, such as methanol, ethanol and butanol or ethylene. Supercritical CO2 has also been used for treating nafion to make it more effective catalyst. This NFT is for the purchase of worldwide rights which includes the design. More Info
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
Infinity Turbine Products: Special for this month, any plans are $10,000 for complete Cad/Cam blueprints. License is for one build. Try before you buy a production license. May pay by Bitcoin or other Crypto. Products Page... More Info
CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com (Standard Web Page)