After China Bans Crypto Mining, U.S. Takes Lead Position
Prior to the ban, China had led the world in Bitcoin mining, aided by cheap, state-subsidized electricity.
Source: nationalinterest.org
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Infographic: Bitcoin Devours More Electricity Than Many Countries
Infographic: Bitcoin Devours More Electricity Than Many Countries By Niall McCarthy Among other things, Bitcoin has been criticized for price volatility, use in illegal transactions and thefts from exchanges. It has also proven highly controversial for the sheer amount of energy it requires. The University of Cambridge maintains an online tool that estimates the level of electricity the crypto-currency network uses and compares it with other entities. It estimates that Bitcoin uses 143 terawatt-hours (TWh) of electricity per year, more than many countries and around 0.65 percent of...
Source: ibtimes.com