Published on May 17th, 2018 | by bitcoin0
Jupiter meeting: Bitva’s burning of power, such as Austria by 2019,
Study: Bitcoin is on course to consume as much energy as Austria by 2019New research into the energy consumption of bitcoin indicates that, by the end of the year, the cryptocurrency could account for 0.5 per cent of the world’s energy demand: 7.67 gigawatts, roughly the same as that consumed by Austria (Motherboard).
Financial economist Alex de Vries’s conservative estimates, based on the energy consumption of the most efficient bitcoin miner available, show that the bitcoin network currently consumes at least 2.55 gigawatts of electricity – as much as Ireland.
But the miner network is growing at an extremely fast rate.
A date has yet to be set for the meeting, but it’s most likely to take place next week.
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