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Bitcoin mining consumes as much electricity as Ukraine.

Monday, May 17, 2021

Bitcoin consumes almost 150 TeraWatt hours, according to the Bitcoin Electricity Consumption Index run Cambridge University’s Centre for Alternative Finance. By contrast, Ukraine generated 150 TeraWatt hours last year. Bitcoin dropped in value by 10% last week, after Tesla CEO Elon Musk announced that his car manufacturer will stop vehicle purchases using Bitcoin because of environmental concerns.

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