Will Bitcoin Mining Consume All The World's Current Electricity Production By Feb 2020?
Via PowerCompare.co.uk,
Bitcoin’s ongoing meteoric price rise has received the bulk of recent press attention with a lot of discussion around whether or not it’s a bubble waiting to burst.
However, most the coverage has missed out one of the more interesting and unintended consequences of this price increase. That is the surge in global electricity consumption used to “mine” more Bitcoins.
How Does Bitcoin Mining Consume Electricity?