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Foremost.. among.. them.. is.. odds of Bitcoin address collision.. fact.. that.. at.. first.. glance.. it39s.. virtually.. energy.. waste.. free... Large.. energy.. consumption... The.. Bitcoin.. blockchain.. network39s.. miners.. are.. attempting.. 450.. thousand.. trillion.. solutions.. per.. second.. in.. efforts.. to.. validate.. transactions,.. Oct.. 1,.. 2014.. Analog.. Bitcoin.. Mining.. with.. Pen,.. Paper.. and.. Math.. A.. typical.. energy.. consumption.. for.. mining.. hardware.. is.. 1000.. megahashesjoule... So.. I39m.. less.. The.. whole.. quotmining.. is.. a.. huge.. waste.. of.. electricityquot.. motion.. is.. just.. completely.. wrong... Mining.. currently.. uses.. between.. 105MW.. and.. 150MW.