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18 April 2021

Report: Bitcoin Mining May Require More Electricity Than Three Quarters of the World's Nations | Live Bitcoin News

Report: Bitcoin Mining May Require More Electricity Than Three Quarters of the World's Nations | Live Bitcoin News


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Report: Bitcoin Mining May Require More Electricity Than Three Quarters of the World's Nations.

A new report suggests that bitcoin mining operations are likely to exceed the energy requirements of more than 180 countries by the year 2024.

Thus far, it has been stated that bitcoin mining exceeds the energy requirements of countries such as Sweden, Iceland and Argentina, and that the carbon footprint left behind by bitcoin mining is equivalent to the one caused by Las Vegas, Nevada.

This latest report estimates that as many as 75 percent of the world’s bitcoin mining projects are based in China.

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