Why Bitcoin’s Energy Consumption Is Worth It - News Summed Up

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Why Bitcoin’s Energy Consumption Is Worth It


Energy consumption from Bitcoin mining is massive, and people are taking notice. The increases have been scaling fast, with mining energy usage quickly surpassing the totals of small countries. Bitcoin Mining Energy Consumption And Its Byproduct In the early days of Bitcoin mining, you could mine with a laptop in your home. It's estimated that Bitcoin mining is producing nearly 195 TWh of energy annually, which is comparable to the energy consumption of Thailand. Such high energy production, which is required to stay competitive, means that mining operations have to keep low energy costs a priority in their operations.


Source: The North Africa Journal November 25, 2021 07:37 UTC



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