Bitcoin Mining: Key Stat Exposes Ridiculous Energy Consumption FUD

By CCN: Antoine Le Calvez, a researcher for CoinMetrics, set out to determine how Bitcoin’s environmental impact compares to that of the auto industry. His striking conclusion? US vehicles consume roughly the same amount of energy in three days as Bitcoin has consumed in its entire existence. The figure converts the energy used to propel cars and the amount of oil required (reportedly 1.3 million tons per day) to the amount of energy used to mine Bitcoin over the past ten years. 1790635332