Bitcoin Boom has Environmental Consequences


Today Iran experienced massive black-outs due to illegal bitcoin mining. Bitcoin mining is extremely energy intensive. Read the article here.

Massive blackouts have hit Iran. The government is blaming bitcoin mining. – The Washington Post

A Cambridge University Study estimates that the energy consumption to mine Bitcoin is almost equivalent to the energy consumed by the whole of Switzerland, 7 GW, which is also around the annual energy consumption of Singapore. Read the article here

Bitcoin’s energy consumption ‘equals that of Switzerland’ – BBC News

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