Green Economy

Bitcoin’s energy consumption could ben the real problem for Nature

The exploding price of the cryptocurrency, bitcoin, in recent months has triggered doubts not only about the financial sustainability of the rally, but also about the environmental sustainability of the currency itself.

One alarmist article in Newsweek said that bitcoin computer operations could consume "all of the world’s energy by 2020". The website Digiconomist claims that bitcoin operations use as much energy as Denmark, or enough to power 3,071,823 US households.

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