Feb 12, 2020 11:09 AM

What do Bitcoin and New Zealand have in common? They have roughly the same carbon footprint, according to estimates like the Digiconomist Bitcoin Energy Consumption Index and the Cambridge Bitcoin Electricity Consumption Index. These two sources don’t agree on exactly where Bitcoin lands. The former pegs it at around 75 TWH per year, and the latter at more like 84 TWh per year as of this writing. But both agree that Bitcoin is now consuming more energy than ever before in its history, surpassing the previous highs set last summer. In terms of electricity consumption, Bitcoin’s network is comparable to that of Chile or Colombia if you go by the lower Digiconomist estimate, or the Philippines or Finland if you go by the higher Cambridge number.

Source: LongHash

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