Though bitcoin's value may rise and fall dramatically, the energy required to produce Bitcoins seems to be ever on the rise. Researchers estimate that the bitcoin network may consume as much as 7.7 gigawatts of energy, the equivalent of the electricity required to power Australia. A new study published in the journal Joule predicts that bitcoins may use up to half a percent of the world's total energy supply. If the value of bitcoin continues to rise, the entire bitcoin network may consume up to...
from Inhabitat - Green Design, Innovation, Architecture, Green Building https://inhabitat.com/bitcoin-is-expected-to-consume-enough-energy-to-power-austria-by-the-end-of-2018
via Inhabitat
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