At present, the energy footprint of Bitcoin is hovering around 137.4 Terawatt hours per year, the equivalent of an entire country’s energy use. In fact, the cryptocurrency’s annual energy usage currently ranks between that of Ukraine and Egypt – countries of over 40 and 100 million people, respectively.
The sky-high energy demand of mining cryptocurrencies has earned scorn and criticism from the likes of Bill Gates, Elon Musk, and now the United States Congress. The exact amount of energy being used by Bitcoin miners in the United…Bitcoin Miners Face Backlash For Burning Coal Waste
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