technology Bitcoin's electricity use eight times higher than Google's and Facebook's combined

[Future Sensors]

Bitcoin's electricity use eight times higher than Google's and Facebook's combined​

The electricity being devoured annually to mine Bitcoin is now eight times more than that being used by technology companies Google and Facebook combined, and even higher than Norway and Switzerland's usage, spurring concerns about the environmental impact of the digital currency.

The world's first and biggest cryptocurrency eats up 143 terawatt-hours of power annually, more than the usage of many medium-sized European nations, according to data provider TradingPlatforms. For perspective, global data centres consume 205TWh yearly; Bitcoin alone consumes 70 per cent of this figure.

Read more:

https://www.thenationalnews.com/bus...t-times-that-of-google-and-facebook-combined/

 

[DanSanchez]

Fails to mention most of that energy is stranded, abandoned, and not usable in major energy markets. Energy can only be distributed for about 500 miles, miners are coming for the energy with the least demand to remain profitable.

Regardless, its unstoppable.