Crypto Mining is taking more Electricity Power than ever

Cryptominer are consuming more and more power. But how much accurate is hard to pin down. A Dutchman has calculated how high the energy consumption of the Bitcoin network is at least. The result and its forecasts are drastically reduced.

The cryptocurrency mining Bitcoin consumes at least 2.55 gigawatts and could need an immense 7.67 gigawatts in the foreseeable future.

Mining is taking more and more power.

According to one calculation, a Bitcoin transaction alone requires as much power as a Dutch household uses per month.

If the price of Bitcoin rises as strong as some experts currently predict, could even one day account for 5 percent of global energy consumption in the crypto currency

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