Bitcoin Mining’s Massive Electricity Consumption
bitcoin mining now consumes as much electricity as some small countries. This massive energy demand raises concerns over carbon emissions, grid stability, and long-term sustainability.
Capitalizations Index – B ∞/21M
bitcoin mining now consumes as much electricity as some small countries. This massive energy demand raises concerns over carbon emissions, grid stability, and long-term sustainability.
bitcoin’s high energy use stems from proof-of-work mining: specialized computers solve complex puzzles to validate transactions and secure the network, consuming large electricity to prevent fraud and control supply.