Bitcoin Mining, Blockchain and Renewable Energy: Part 1

Original Source    2018-03-21 09:03

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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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin56,250 0.29 % 4.11 % 1.66 %
Ethereum4,484.6 0.99 % 5.01 % 5.04 %
Binance Coin617.15 0.61 % 3.98 % 4.35 %
Tether0.9992 0.03 % 0.08 % 0.15 %
Solana227.18 0.14 % 0.01 % 10.52 %
Cardano1.700 1.07 % 5.81 % 1.81 %
XRP0.9666 0.45 % 4.64 % 6.37 %
USD Coin0.9988 0.23 % 0.04 % 0.12 %
Polkadot35.77 0.35 % 6.02 % 6.69 %
Dogecoin0.2086 0.50 % 3.02 % 4.44 %
Avalanche112.40 0.63 % 10.44 % 3.08 %
Terra64.63 1.64 % 2.03 % 67.53 %
Shiba Inu0.00004209 1.62 % 9.32 % 11.07 %
Crypto.com Coin0.6930 1.12 % 6.95 % 21.76 %
Wrapped Bitcoin56,189 0.16 % 4.13 % 1.65 %
Litecoin203.14 0.37 % 5.52 % 4.24 %
Polygon2.000 1.57 % 1.25 % 18.07 %
Binance USD0.9991 0.03 % 0.11 % 0.39 %
Algorand1.860 0.05 % 5.11 % 6.53 %
Chainlink24.59 0.56 % 7.31 % 3.99 %