Cryptocurrency’s Energy Consumption Problem

Cryptocurrency has an energy consumption problem. Bitcoin alone is estimated to consume 127 terawatt-hours (TWh) a year — more than many countries, including Norway. Decarbonizing the crypto industry thus remains essential to achieving a safe climate future. With lawmakers increasingly looking at the effects of Bitcoin mining, from both an environmental and grid-resiliency perspective, lowering energy usage of this crypto currency is a must.

Read More