3 ms·
From the article > a financial network that uses more energy than Argentina https://en.wikipedia.org/wiki/List_of_countries_by_electricity_consumption https:/
by G3rn0ti 6y ago
From the article
> a financial network that uses more energy than Argentina
https://en.wikipedia.org/wiki/List_of_countries_by_electricity_consumption https://en.wikipedia.org/wiki/List_of_countries_by_electrici...
Just for context: Argentina used about 3% of the energy consumed by the US alone in 2018. And only a fraction of that amount consumed by G8 in total. However, the number does not tell us how this energy was produced and, hence, can not provide an insight into the environmental impact of Cryptos. If it came mostly from renewable sources, the carbon footprint of Bitcoin and other cryptos would be quite reasonable, I believe.