Bitcoin Mining, Blockchain and Renewable Energy: Part 1
covers demandfor energy in key markets. In the tokens, ICOs supplyof
As the bubble and daily drama around bitcoin prices unfolds, it is becoming more apparent that bitcoin mining will become a proxy and significant driver of energy usage in the world if current trends continue. Lets unpack this!
Estimated energy consumption of bitcoin mining is closing in on 50 TWh / year, which is 15% of Italy’s consumption of energy (Source: BECI, Digiconomist). As a reference, India consumes abou…
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