Bitcoin mining consumes as much electricity as a country like Finland and its 5 million inhabitants. Today, a huge amount of energy is used on mining farms, hangars, which are filled with computers that work 24 hours a day. With 0.5% of the world’s electricity demand already coming from this industry, its needs do not seem to be slowing down. Mining consumption more than doubled between 2020 and 2022, according to the “Bitcoin Consumption Index” developed by the University of Cambridge.
The usefulness of this digital asset is regularly questioned by environmental associations, with several states already threatening to ban it directly. But is it a waste, as Greenpeace’s latest campaign suggests? «The reason is that many people are protesting against the environmental catastrophe, mainly because they do not understand the purpose …
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.