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Inside Bitcoin's Energy Consumption Problem

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Hordes of crypto fanatics got their knickers in a twist recently when erstwhile cheerleader Elon Musk expressed concerns about the environmental cost of Bitcoin.

“Cryptocurrency is a good idea on many levels,” read a statement shared on his Twitter feed.

“We believe it has a promising future – but this cannot come at great cost to the environment.”

So how bad is Bitcoin for the planet? And does Musk’s radical U-turn mark the beginning of the end for the crypto revolution? Join us on a trip down the mines for an unflinching look at the energy consumption of Bitcoin.

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How Much Energy Does Bitcoin Use?
Category
Tech
Tags
cryptocurrency, crypto, bitcoin
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