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Alarming Study Suggests Bitcoin Consumes an Astonishing Amount of Energy and It's Only Getting Worse

Submitted by Gizmodo on May 16, 2018 - 3:30pm

It takes a lot of electricity to mine bitcoins, and as more miners try to cash in on the crypto craze, the amount of energy required to win new coins increases accordingly. New research suggests the entire bitcoin network could consume as much as 7.7 gigawatts of electricity by the end of this year—enough to power a…

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