Bitcoin Mining Energy Consumption Increases Drastically

With all eyes looking at the charts and wondering when Bitcoin will ever stop its upward march over ten thousand dollars, many overlook what is actually involved in creating one. According to reports, the popularity of Bitcoin has created a global surge in energy consumption. Digiconomist’s Bitcoin Consumption Index claims that the current estimated annual electricity consumption is over 30 TWh.
A TeraWatt hour is a pretty big number and equates to 1012 (1 followed by 12 zeros) watts per h