Crypto’s Ugly side: Bitcoin’s thirst for energy
The rise in demand for cryptocurrencies, particularly Bitcoin (BTC), has led to an unprecedented increase in consumption of energy. Bengaluru: A single Bitcoin (BTC) transaction now needs roughly five times the energy required to complete 100,000 VISA (debit/credit card) transactions. According to a new report by digiconomist, it takes 821 kWH of energy to complete […]
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