Can the world afford Bitcoin? The cryptocurrency is enjoying something of a resurgence as investment and central banks weighed its benefits and caused its value to balloon.
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| A single Bitcoin transaction could power a house for a month. |
But generating Bitcoin requires a truly staggering amount of energy. The electricity used in a single Bitcoin transaction, for instance, could power a house for a month.
And bitcoin mining (the process of generating a bitcoin) now consumes the same amount of electricity every year as Denmark - 33TWh, according to one recent report.
Read the World Economic Forum story by Adam Jezard - “In 2020 Bitcoin will consume more power than the world does today.”
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