Bitcoin’s total estimated annual electricity consumption has plummeted nearly 60%, falling from the all-time peak above 143 terawatt-hours (TWh) in May to as low as 62 TWh in early July, according to data from Cambridge Bitcoin Electricity Consumption Index (CBECI). This is the lowest energy consumption rate recorded since early November 2020.At the time of writing, Bitcoin’s … [Read more...] about Bitcoin electricity consumption falls to November 2020 levels: Data
Consumption
Bitcoin power consumption ‘66 times higher than in 2015’: Citigroup
The Bitcoin energy consumption debate is heating up faster than the planet, with corporations facing pushback from the public and shareholders over Bitcoin (BTC) investments.According to a Citigroup Inc. report, Bitcoin is consuming 66 times more electricity than it did in 2015. It added that the carbon emissions associated with mining will likely face increasing scrutiny, … [Read more...] about Bitcoin power consumption ‘66 times higher than in 2015’: Citigroup
No ‘blood coin’ for Kevin O’Leary as investor takes stand on Bitcoin energy consumption
Shark Tank and Dragon’s Den personality Kevin O’Leary is taking a stand against what he terms “blood coin,” that being Bitcoin (BTC) mined in China. The investor declared that he would only deal with “clean coin” — coins mined using renewable energy — from now on, and suggested other institutions were starting to do the same.O’Leary took aim at the free-wheeling nature of … [Read more...] about No ‘blood coin’ for Kevin O’Leary as investor takes stand on Bitcoin energy consumption