Cryptocurrency Q&A
How much energy does bitcoin use a year?
How much energy does bitcoin use a year?
Claudio
Sun Sep 08 2024
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5 answers
1032
Could you elaborate on the energy consumption of Bitcoin per year? I'm curious to know the specific figures and how it compares to other industries or energy-intensive processes. Additionally, are there any efforts being made to reduce Bitcoin's carbon footprint and make it more sustainable in the long run?
5 answers
SakuraSmile
Tue Sep 10 2024
Among the nations whose annual energy consumption was surpassed by Bitcoin were Egypt, Malaysia, and Poland, demonstrating the scale of the cryptocurrency's energy demands.
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isabella_oliver_musician
Tue Sep 10 2024
As the popularity of Bitcoin and other cryptocurrencies continues to grow, it is essential that the industry addresses its environmental impact and implements sustainable practices to reduce its carbon footprint.
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BlockchainWizard
Tue Sep 10 2024
Bitcoin's energy consumption has been a topic of significant discussion in recent years, and as of March 25, 2024, its annualized energy usage was estimated to be a staggering 176.02 terawatt hours (TWH).
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Valentino
Tue Sep 10 2024
This amount of energy is equivalent to the annual consumption of several major nations, highlighting the immense environmental impact of the cryptocurrency.
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Bianca
Tue Sep 10 2024
The Cambridge Centre for Alternative Finance, a renowned research institution, has played a crucial role in shedding light on Bitcoin's energy consumption, providing valuable insights into the network's energy footprint.
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