Bitcoin the earth-destroyer burn 3 million liters of oil per day

The analysts website Digiconomist estimates the annual energy consumption for bitcoins at around 32 terawatt hours (TWh). The Bitcoin ranks in the same league as smaller states. We are talking about 100-kilowatt hours (kWh) per transaction. The reason for this is the SHA-256 Algorithms. For comparison, 1 liter of oil ≈ 1m³ of gas ≈ … Continue reading Bitcoin the earth-destroyer burn 3 million liters of oil per day