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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Jan 6 4:00 PM EST

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From: bull_dozer	2/14/2021 9:11:42 PM
	1 Recommendation Recommended By marcher Read Replies (1) of 219063

Bitcoin consumes more electricity than Argentina, UAE, and the Netherlands If Bitcoin (BTC-USD) were a country, it would be in the top 30 energy users worldwide, consuming more electricity than Argentina. That’s according to analysis by Cambridge University’s online tool, which showed that the virtual coin uses around 121.36 terawatt-hours (TWh) per year. This is above Argentina, which is at 121 TWh, the Netherlands, which consumes 108.8 TWh, and the United Arab Emirates (113.20 TWh). Bitcoin is also gradually creeping up on Norway, which stands at 122.20 TWh. Mining the virtual coin involves heavy computer calculations to verify transactions. Bitcoin’s annual electricity consumption is unlikely to fall unless the value of the currency drops, as the price increases so does the energy consumption, researchers at the Cambridge Centre said. The energy it uses could power all kettles used in the UK for 27 years, it said. uk.finance.yahoo.com

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