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Update 05_mining.md
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@@ -120,3 +120,24 @@ the Bitcoin network is performing.
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![](i/bitcoin-hashrate.png)
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(Source: [blockchain.info](https://blockchain.info/charts/hash-rate))
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**BEWARE: Bitcoin is a gigantic ponzi scheme¹.
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To the moon!? The new gold standard!?
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Do NOT "invest" trying to get-rich-quick HODLing.
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Why not? The bitcoin code is archaic and out-of-date.
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Burn, baby, burn! Proof-of-work / waste is a global
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energy environmental disaster
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using 300 kW/h per bitcoin transaction (!) that's about 179 kilograms of CO₂ emissions².
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Programmable money (or the internet of value)
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for all future generations with (bitcoin) script
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without loops and jumps (gotos) and all "stateless"!? LOL.**
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¹: ![](i/trolly-ponzi.png)
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(Source: [Best of Bitcoin Maximalist - Scammers, Morons, Clowns, Shills & BagHODLers - Inside The New New Crypto Ponzi Economics](https://bitsblocks.github.io/bitcoin-maximalist))
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²: Assuming let's say 0.596 kilograms of CO₂ per kW/h
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(that's the energy efficiency in Germany) that's
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about 179 kilograms of CO₂ per bitcoin transaction (300 kW/h × 0.596 kg). For more insights see the [Bitcoin Energy Consumption Index](https://digiconomist.net/bitcoin-energy-consumption).

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