Cambridge research reveals absurd amount of energy dedicated to Bitcoin mining
Campaigners against climate change have been shocked with a new statistic from Cambridge University researchers who have revealed that Bitcoin mining now consumes more energy than the entirety of Argentina, around 121.36 terawatt-hours a year. Bitcoin is a blockchain cryptocurrency that relies on verifications from computers within its network to maintain the integrity of transactions within the system. Computers that partake in this process are sporadically rewarded with the bitcoin currency, and this process is known as ‘mining’.
