How cryptocurrency consume energy. The future of cryptocurrency in a view of international institute
The Center for Alternative Finance, based at the University of Cambridge in the United Kingdom, is constantly studying the growing trend of different types of cryptocurrencies in the world. According to the center's data, the annual electricity consumption on the bitcoin could be between 40 and 445 terawatt hours. Remember that the UK consumes 300 tera watts of electricity annually while Brazil consumes about 445 tera watts of electricity annually. According to a study by the University of Cambridge, two-thirds of the electricity consumed to run the bitcoin network worldwide comes from non-recyclable sources, such as fossils. Fuel (oil, gas, coal, etc.). --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/wafiqbhai/message