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Coin Edition

2023-01-04 05:32:17

Digiconomist Tweets on Colossal Loss of Resources in Bitcoin Mining

Digiconomist Tweets on Colossal Loss of Resources in Bitcoin Mining

In a recent Twitter thread, Digiconomist noted that the total amount of power used by the bitcoin mining sector in 2017 was 161 TWh. Notably, there was a larger power usage than in comparison to all of Sweden. Additionally, for every blockchain transaction performed, the network used an average of 1,738 kWh of electricity. The The post Digiconomist Tweets on Colossal Loss of Resources in Bitcoin Mining appeared first on Coin Edition .

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