Why Bitcoin is so bad for the planet

What is the primary purpose of Bitcoin mining?

• To create new digital currencies

• To verify transactions and secure the network

• To centralize financial systems

• To reduce electricity consumption

How does Bitcoin's energy consumption compare to major tech companies?

• It is about the same

• It is significantly lower

• It is negligible

• It is 2.5 times higher

What percentage of Bitcoin's electricity is estimated to come from renewable resources?

• 39%

• 90%

• 61%

• 10%

What is the concept of 'stranded generation' in the context of Bitcoin?

• Reducing the cost of electricity

• Generating electricity from fossil fuels

• Using electricity that would otherwise be wasted

• Increasing the efficiency of mining

What is one argument against Bitcoin's energy consumption being wasteful?

• It uses less energy than traditional banks

• It is a necessary cost for a transformative asset

• It processes more transactions than Visa

• It is entirely powered by renewable energy

How many transactions per second does Bitcoin handle compared to Visa?

• 10 times more

• 1000 times less

• About the same

• 100 times more

What is a potential future requirement for Bitcoin to become a sustainable financial system?

• Higher transaction fees

• Increased energy consumption

• Radical reduction in power usage

• More centralized control