Sunday, April 18

How much bitcoin pollutes, the currency that consumes more electricity than Finland, Switzerland or Argentina

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  • BBC World News



In recent weeks the price of bitcoin has reached all-time highs.

If bitcoin were a country, it would consume more electricity per year than Finland, Switzerland or Argentina, according to an analysis by the Center for Alternative Finance at the University of Cambridge (CCAF).

This happens because the process of “mining” the cryptocurrency – using gigantic servers that do not stop working – consumes a lot of energy.

According to the researchers, bitcoin mining uses about 121.36 teravatios-hour (TWh) of electricity per year, a record that has a strong impact on the environment and surpasses a long list of countries.

The issue returned to debate after Elon Musk, through its electric car company Tesla, reported the purchase of US $ 1.5 billion in bitcoin, triggering the price of the currency and igniting criticism for the pollution it generates.

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