In November 2017, the power consumed by the entire bitcoin network was estimated to be higher than that of the Republic of Ireland. Since then, its demands have only grown.
It’s now on pace to use just over 42TWh of electricity in a year, according to estimates from Digiconomist.
That’s commensurate with CO2 emissions of 20 megatonnes – or roughly 1m transatlantic flights.
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