Thoughts On Crypto Energy Consumption vs Current System
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6"Mining" for the cryptocurrency is power-hungry, involving heavy computer calculations to verify transactions.
Cambridge researchers say it consumes around 121.36 terawatt-hours (TWh) a year - and is unlikely to fall unless the value of the currency slumps.
Critics say electric-car firm Tesla's decision to invest heavily in Bitcoin undermines its environmental image.
The currency's value hit a record $48,000 (Β£34,820) this week. following Tesla's announcement that it had bought about $1.5bn bitcoin and planned to accept it as payment in future.
https://www.bbc.com/news/technology-56012952#:~:text=Bitcoin%20uses%20more%20electricity%20annually,computer%20calculations%20to%20verify%20transactions.