Bitcoin creator and podcaster Anthony “Pomp” Pompliano said that there is no need to “apologise” for the energy Bitcoin consumes.
Monday, December 27 day CNBC’s Squawk Box In an interview with the program named “Against the Bitcoin ecosystem”in the climate argument“people found”key points“he said he missed pump, specifically about comparing Bitcoin to fiat currencies such as the dollar;
There is a linear relationship between energy consumption and the dollar system. We need more energy consumption, data center, bank branch and ATM to support more users and transactions.
made statements.
Stating that Bitcoin does not have the same linear relationship, Pomp;
This is because the energy consumed by each block is the same regardless of the number of transactions. As Bitcoin scales, it will become more efficient because you will be able to add more economic value to each of the blocks.
said.
Same day as interview TradingPlatforms A study published by Bitcoin ecosystem Google and Facebook’from the total energy consumed consumes 8 times more energy revealed. “The fears stem from the amount of electricity that such a small industry consumes,” the report said. also Cambridge Bitcoin Electricity Consumption Index (CBECI) by Bitcoin ecosystem Philippines and Chile hourly per year, similar to the energy use of small countries such as 125.04 terawatts reportedly consumed.
