electricity usage
11/30/2017
/
By Ethan Huff
Bitcoin is powered by COAL: Massive electricity usage to mine Bitcoins runs mostly on coal and pollutes the world with mercury and smog
Because they exist fictitiously somewhere out there in cyberspace, digital cryptocurrencies like Bitcoin might seem like more eco-friendly alternatives to traditional cash. But the latest data shows that not only does “mining” Bitcoin consume unprecedented amounts of energy, but the bulk of this energy comes from coal: A highly-polluting substance that, when burned, releases mercury […]
« Return Home
1 of 1
Popular Articles
Incoming Trump admin to boost domestic oil and gas production
November 15, 2024
/
Richard Brown
The Biden-Harris administration’s solar energy subsidies are only benefiting China
November 12, 2024
/
Ava Grace
Washington state voters approve ballot initiative preventing state and local authorities from banning natural gas use
November 15, 2024
/
Laura Harris
UK partners with World Economic Forum to change inheritance tax laws, transforming traditional farms to solar and wind farms
November 13, 2024
/
Lance D Johnson
COPYRIGHT © 2017 POWER NEWS
Privacy Policy