Surge in Bitcoin energy consumption sparks debate in crypto community By Cointelegraph

Surge in Bitcoin energy consumption sparks debate in crypto community

CryptocurrencyFeb 05, 2021 08:40AM ET

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Surge in Bitcoin energy consumption sparks debate in crypto community

The recent surge of Bitcoin (BTC) price has driven notable growth in the amount of electricity consumed by Bitcoin miners, spurring another wave of argument in the community over the ecology of the seminal cryptocurrency.

According to the latest data from Digiconomist’s Bitcoin Energy Consumption Index, Bitcoin energy consumption has been at its highest historical levels since late 2020, with the estimated annual consumption level staying above 75 TWh for a record period of time.

Source: Digiconomist’s Bitcoin Energy Consumption Index

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Surge in Bitcoin energy consumption sparks debate in crypto community

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