Bitcoin Consumes ‘More Electricity Than Argentina’

Thelasko shares a report from the BBC: Bitcoin uses more electricity annually than the whole of Argentina, analysis by Cambridge University suggests. ‘Mining’ for the cryptocurrency is power-hungry, involving heavy computer calculations to verify transactions. Cambridge researchers say it consumes around 121.36 terawatt-hours (TWh) a year — and is unlikely to fall unless the value of the currency slumps. Critics say…