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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 […]

11/29/2017 / By Ethan Huff

Bitcoin on track to consume the ENTIRE global electricity supply by the year 2020

As the online cryptocurrency known as Bitcoin reaches record price highs, many people are now asking themselves: Is Bitcoin really where the financial sector is headed? Not if you care about the environment, suggests shocking new data compiled as part of Digiconomist‘s “Bitcoin Energy Consumption Index” (BECI). This eye-opening measure of how much energy it […]

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