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MicroStrategy fails to boost Bitcoin after $10 million purchase

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Elon Musk clarifies stance on cryptocurrencies as prices fall

Bitcoin consumes more electricity than Sweden and Ukraine

Make Tesla Great Again

Make Tesla Great Again Send by mail : Message : Required fields I hope you like Mexican food, because today s news is spicy. On the menu, a bit of crypto-pollution and a nice deep pass for Elon on Bitcoin. Then, let s take a closer look at Western countries dependence on China for rare metal supplies, which could hamper electric vehicle manufacturers. Crypto-sourcing Bitcoin consumes more electricity than many countries on the planet. According to the Bitcoin Electricity Consumption Index, the mining of the leading cryptocurrency would consume 143 terawatt hours. That s more than Norway (124Twh), Belgium (82 Twh) or Switzerland (56 Twh). Another comparison by Visual Capitalist shows that the Bitcoin network is also much more energy intensive than the world s largest tech companies: twelve times more than Google and twenty-eight times more than Facebook for example.

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