The true cost of Bitcoin: How cryptocurrency uses more electricity per transaction than any other method as value passes $60,000 for first time

[sriamerican]

• Bill Gates said earlier this week: 'Bitcoin uses more electricity per transaction than any other method'
• His comments came after Bitcoin's estimated energy consumption reached its highest ever rate of 130 TWh
• The cryptocurrency is 'mined' by high-powered computers that continuously solve computational puzzles
• Studies show the electricity generated to mine and process the cryptocurrency is equal to the amount emitted by whole countries, including New Zealand and Argentina, and more than all tech giants combined
• The currency surpassed the $60,000 mark for the first time, with its price rising with its energy consumption

 

[asylum]

bump.

 

[ShiningStar]

This is why I never support bitcoin. People just care about their pockets. They don't care about the environment

 

[hodakolla]

BUMPER