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How Much Energy Does Bitcoin Consume?
- giuliomagnifico 5y ago> Energy Consumption Is Not Equivalent to Carbon Emissions > Bitcoin Can Use Energy That Other Industries Can’t > Mining Bitcoin Consumes a lot More Energy Than Using It These are the key points, very interesting and concrete report, thanks.
- spamalot159 5y agoI'm not sure if I agree with the second point. If Bitcoin wasn't using so much energy then energy producers would lower production.
- giuliomagnifico 5y agoThe point is not which kind of energy bitcoin or other industries are using, but the distance from the source of the energy, it’s explained > Almost all of the energy used worldwide must be produced relatively close to its end users — but Bitcoin has no such limitation, enabling miners to utilize power sources that are inaccessible for most other applications.