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electrical usage

06/13/2018 / By Ethan Huff

WASTE: Bitcoin to use half a percent of the world’s electric energy consumption by the end of this year

New research published in the journal Joule warns that the energy consumption needed to mine and process Bitcoin could end up being far higher than anyone ever imagined before the year’s end. The latest estimates suggest that the Bitcoin network may end up sucking down half a percent of the world’s total energy output by […]

01/15/2018 / By Ethan Huff

Cryptocurrency is now breaking the power grid of a U.S. county as electrical consumption for Bitcoin mining reaches “insane” territory

The amount of electricity required to mine and transact Bitcoin is now so high that a small county in Washington state is having to kick production into overdrive. According to reports, Douglas County, located in almost the dead-center of the state, has some of the cheapest electricity rates in the country, and this has created heavy […]

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