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�CBECI estimates put electricity supporting Bitcoin mining in at about % to % of global demand for electricity,� according to the. Bitcoin Energy Consumption Index � Mt CO2 � TWh � kt � kgCO2 � kWh � grams. Bitcoin mining consumes more electricity than most countries, according to a new report on its damaging environmental impact. Mining is the.

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We all, as consumers, must simply turn away from this and be the change we need to cut down on mindless energy consumption. You are absolutely correct that this author refers to bitcoin as crypto, and we all know that while all bitcoin is crypto, not all crypto is bitcoin. Because of this, the Bitcoin network can consume several times as much electrical energy as the entire country of Hungary which consumes 43 TWh annually. In-depth analysis. Show less.