- Expert Arcane Research made a forecast of bitcoin energy consumption
- Eco-activists should not panic despite any forecasts
It simulates different prices up to 2040 of the year
Arcane Research Analyst Jaran Mellerud compiled a couple of PTS energy consumption scenarios. They depend on the value of the cryptocurrency and the volume of transactions. Under the most optimistic scenario, the BTC rate will reach $2 in 2040 year million per coin. In this case, mining will consume 0,% of all world energy (888 TWh per year).
For comparison, today it takes only 0 to mine bitcoin,% of world resources.
If through years the BTC rate will be below $2 million, then, accordingly, the capacities will be lower. At a price of $500 thousand king of cryptocurrencies will consume 173 TWh per year, at exchange rate 45 thousand — total TWh.
The analyst also predicted the impact of the halving, which occurs every 4 years. On the one hand, it will lead to an increase in the price of BTC. But there will also be a “mitigating factor” under the influence of commissions. By the way, these days the transaction fee in the Bitcoin ecosystem fell below $1 – this happened for the first time in 2 years. as a store of value, but also as a payment system.
“Since crypto-skeptics believe that this is impossible, it’s time for them to stop worrying about the energy consumption of the military-technical cooperation” – summed up Mellerud sarcastically.