Bitcoin's energy usage is huge - we can't afford to ignore it - 0 views
-
Luciano Ferrer on 24 Feb 18"The cryptocurrency uses as much CO2 a year as 1m transatlantic flights. We need to take it seriously as a climate Bitcoin's electricity usage is enormous. In November, the power consumed by the entire bitcoin network was estimated to be higher than that of the Republic of Ireland. Since then, its demands have only grown. It's now on pace to use just over 42TWh of electricity in a year, placing it ahead of New Zealand and Hungary and just behind Peru, according to estimates from Digiconomist. That's commensurate with CO2 emissions of 20 megatonnes - or roughly 1m transatlantic flights."