Tag: Energy Consumption
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Bitcoin Mining Surges, Leading to Heavy Increases in Energy Use
As the price of bitcoin continues to surge this week, new arguments are emerging regarding the incredible amounts of energy bitcoin mining requires. Bitcoin Mining…
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Bitcoin: A Bigger Energy Eater Than Switzerland?
At press time, the granddaddy of all crypto, bitcoin, is trading for just shy of $11,900. The asset is now trading for about $1,500 more…
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Bitcoin Mining Uses a Lot of Energy, But Gold Mining Uses 20x More
The production of Bitcoin through mining is an energy-intensive process – a fact which many critics are quick to point out. Compared to mining gold,…
