{"id":174641,"date":"2021-02-10T05:48:15","date_gmt":"2021-02-10T02:48:15","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-energy-debate-resurfaces-with-calls-for-green-hackers-to-attack-network\/"},"modified":"2021-02-10T05:48:15","modified_gmt":"2021-02-10T02:48:15","slug":"bitcoin-energy-debate-resurfaces-with-calls-for-green-hackers-to-attack-network","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-energy-debate-resurfaces-with-calls-for-green-hackers-to-attack-network\/","title":{"rendered":"# Bitcoin energy debate resurfaces with calls for \u2018green hackers\u2019 to attack network"},"content":{"rendered":"

“# Bitcoin energy debate resurfaces with calls for \u2018green hackers\u2019 to attack network <\/strong>”<\/p>\n

The exponential rise in Bitcoin\u2019s price and hash rate is driving critics to once again question the largest blockchain\u2019s energy efficiency \u2014 with calls for \u201cgreen hackers\u201d to band together to mount an attack on the network.<\/p>\n
Total world production and consumption vs. Bitcoin. Source: <\/em>CBECI<\/em><\/a><\/figcaption><\/figure>\n

A self styled \u201cdeveloper and ecologist\u201d who goes by the name of Franck Leroy created Twitter<\/a> and Medium<\/a> accounts this month to advocate the destruction of the Bitcoin network through \u201cethical hacking.\u201d<\/p>\n

In a post titled \u201cGreen hackers around the world, let\u2019s destroy Bitcoin\u201d Leroy states that Bitcoin is an \u201cirrational and destructive financial bubble\u201d that is hugely damaging to the climate due to its exorbitant use of electricity. <\/p>\n

A third of the article calls on hackers to \u201cdestroy Bitcoin,\u201d stating that the network can be undermined by mounting something similar to a DDOS attack with fake transactions to clog the network, and linking to three other sources for other attack ideas, adding:<\/p>\n

\u201cIt is not even necessary that a computer attack actually take place, but that speculators fear it. If a group of hackers (real or fake) announced an impending attack, the price of Bitcoin would likely collapse.\u201d<\/p><\/blockquote>\n

But it\u2019s not just fringe Medium posts attacking Bitcoin\u2019s power consumption, the mainstream media<\/a> has embraced the narrative too. A recent article<\/a> by Bloomberg \u201cBitcoin is an incredibly dirty business\u201d suggested that the majority of Bitcoin\u2019s energy use comes from coal and other non-renewable sources, comparing the network\u2019s carbon footprint to that of New Zealand.<\/p>\n

And Wall Street Journal columnist Jason Zweig wrote today<\/a> that \u201cBitcoin mining is on track to consume almost as much electricity in 2021 as all the world\u2019s transportation systems combined did in 2018.\u201d<\/p>\n

\n

https:\/\/t.co\/Y1UKW4JbH9<\/a><\/p>\n

If I understand this correctly, bitcoin mining is on track to consume almost as much electricity in 2021 as all the world’s transportation systems combined did in 2018 https:\/\/t.co\/z7rWPzwSOM<\/a>.<\/p>\n

Tesla will need to sell a lot of cars to offset that. pic.twitter.com\/wmIuioZCqj<\/a><\/p>\n

\u2014 Jason Zweig (@jasonzweigwsj) February 9, 2021<\/a><\/p><\/blockquote>\n