49 days ago • Posted by Martin Boujol
Bitcoin devours almost 3x more electricity than Switzerland
Bitcoin critics include high volatility, uses for illegal transactions, but one of the most prominent is its energy consumption. It is estimated that Bitcoin uses around 143 terawatts-hours of electricity per year, which is far more than many countries (including Switzerland) and around 0.65% of the global electricity consumption.
Source: Statista, Cambridge Center for Alternative Finance