4 days agoBitcoin spends more electricity than the entire state of Switzerland
Periskopi(7 years ago)
(7 years ago)Bitcoin consumes more energy than the entire Swiss nation, according to new estimates published by researchers at Cambridge University. Bitcoin's global network is consuming more than seven gigawats of electricity. If we turn seven gigawatts back into a kilowat, then it turns out that Bitcoin's global network is consuming seven [...]
Bitcoin's global network is consuming more than seven gigawats of electricity.
If seven gigawatts are turned into a kilowattt, then it's because Bitcoin's global network is consuming seven million kilowattts of electricity.
This is more than the state of Switzerland. Seven million miles is 0.025 percent of total energy consumption worldwide.
