Will Bitcoin Use as Much Electricity as All of Austria by the End of the Year? (page 2)

A scientific journal confirmed the fears of many bitcoin critics. All the techno-utopians who claim that bitcoin and other cryptocurrencies are the decentralized financial future seem to neglect the physical toll this technology has on the very world we live in. It’s not necessarily a new finding that bitcoin mining uses a ton of energy, but yesterday we saw the first peer-reviewed study that confirmed just that. What’s more, the environmental toll is about to get worse.Read Full Story

Bitcoin is expected to consume enough energy to power Austria by the end of 2018

Though bitcoin's value may rise and fall dramatically, the energy required to produce bitcoins seems to be ever on the rise. Researchers estimate that the bitcoin network may consume as much ...

Fri 18 May 18 from Inhabitat

Bitcoin is unsustainable, and we now have peer-reviewed proof

A scientific journal confirmed the fears of many bitcoin critics. All the techno-utopians who claim that bitcoin and other cryptocurrencies are the decentralized financial future seem to neglect ...

Thu 17 May 18 from Fastcompany Tech

Bitcoin estimated to use half a percent of the world's electric energy by end of 2018

Bitcoin's burgeoning electricity demands have attracted almost as much attention as the cryptocurrency's fluctuating value. But estimating exactly how much electricity the Bitcoin network uses ...

Wed 16 May 18 from ScienceDaily

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