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This seems incomplete without also posting the result of whether or not it consumed as much power as the entire planet did in 2017.
by tolbish 5y ago
This seems incomplete without also posting the result of whether or not it consumed as much power as the entire planet did in 2017.
- zepto 5y agoPretty easy to verify that the answer is no.
- Traster 5y ago>As of mid-May, electricity demand for bitcoin is hovering around 143 terawatt-hours, significantly outpacing electricity consumption of several countries including Argentina. source: https://www.nasdaq.com/articles/how-much-energy-does-bitcoin-really-consume-2021-05-13 https://www.nasdaq.com/articles/how-much-energy-does-bitcoin... According to enerdata [2] the world produces over 30k TWH in electricity alone. So, it's not even close. It's also worth noting that there's lots of "Bitcoin uses more energy than X countries" but it's more "Bitcoin uses more energy than each of X countries individually - not cumulatively" [2]:https://yearbook.enerdata.net/electricity/world-electricity-production-statistics.html https://yearbook.enerdata.net/electricity/world-electricity-...