Study claims Bitcoin energy consumption is exploding — leaving us totally rekt

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Bitcoin is the way of the future — as long as that future just so happens to include shocking levels of energy consumption increasing at a jaw dropping rate. 

So claims a new study published yesterday in Joule which, unfortunately for all the hodlers out there, paints a pretty dire picture. Specifically, one painted in ash. It says that by the end of this year Bitcoin electricity use could triple, approaching the consumption rates of the entire country of Austria. 

Which, yeah. That’s not good. The conclusion of the peer-reviewed paper, written by Alex de Vries, is brutal.  Read more…

More about Bitcoin, Energy, Blockchain, Cryptocurrency, and Tech
Study claims Bitcoin energy consumption is exploding — leaving us totally rekt syndicated from https://swentex.wordpress.com/

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Author: Barbara Walston

My writing career began 10 years back, when I penned down one of my success on a popular website. It got me a lot of support from everyone, that set me going. my experience in finding out the methodology of latest technology and its working process makes me invent something better than that, but it was not visible to people. I decided to display the same using my writing skills.

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