The Bitcoin Network Uses as Much Electricity as Ireland: Study

According to a new study, the Bitcoin network could be consuming as much as 0.5% of the world’s total electricity — a number comparable to the amount of power used by the entire country of Ireland

Bitcoin and Electricity Usage

That said, determining exactly how much electricity the Bitcoin network uses, necessary for understanding its impact and implementing policy in the future, is not straightforward.

According to blockchain specialist Alex de Vries, who works at the tax advising...

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