Concerns Growing Over Crypto Energy Usage

A recent report in the scientific journal Joule has concluded that Bitcoin mining currently consumes as much electricity as Ireland, and is on track to consume .5 percent of global power by the end of this year. This report has raised concerns, as many consider such a massive use of energy wasteful and unnecessary. More importantly, it is reasonable to assume that at the current rate of growth, Bitcoin mining is on track to use vastly more over the course of the next few years. Although the accu