Bitcoin mining will soon use as much energy as the whole of the US

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  1. Bitcoin mining will soon use as much energy as the whole of the US  Verdict
  2. Scientist Claims Bitcoin Boom Could Be Disastrous For Environment  LADbible
  3. Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa  Power Compare
  4. Bitcoin’s insane energy consumption, explained  Ars Technica
  5. Bitcoin could cost us our clean-energy future  Grist
  6. Full coverage

The bitcoin computer network currently uses as much electricity as Denmark. And in months it will use as much energy as the entire US..Projections suggest bitcoin mining will require all of the world s current energy production within three years. If such growth were to continue, this would see the network consume as much energy as the U.S. by , and as much energy as the entire world by the end of . Such a projection is purely .Bitcoin transactions now use so much energy that the electricity used for a single trade could power a home for almost a whole month, according to Dutch bank ING. The bulk of Bitcoin "mining" is done in China, where energy costs are comparatively cheaper than in places like the UK or US. "The top six .But we can run a quick calculation of the minimum energy Bitcoin could be using, assuming that all miners are running the most efficient hardware with no efficiency losses due to waste heat. To do this, we ll use a simple methodology laid out in previous coverage on Motherboard. This would give us a .

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