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Bitcoin Mining Consumes More Energy Than Most Countries in the World

1 month ago   |   By Hypebeast

As of May 3, 2021, the amount of electricity consumed by Bitcoin was recorded at 133.63 Terawatt-hour. The massive amount of energy required to keep the supply flow of the cryptocurrency actually trumps the electricity required by entire countries per year. Currently, Bitcoin mining electricity usage is expected to exceed the consumption of 181 countries by 2024. Bitcoin mining requires thousands to tens of thousands of computers operating while being cooled around the clock. Additionally, the more computers mining brings the total yield efficiency down, meaning more computers will be...
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