Bitcoin’s energy consumption is a hot topic of late (2/6)

You may have heard the rumblings lately about how negative the impact of Bitcoin mining is on the environment. Recently, Elon Musk penned a Tweet saying that Tesla would no longer accept Bitcoin as payment for the purchase of their vehicles. They stated that Tesla was concerned about the “rapidly increasing use of fossil fuels for Bitcoin mining.”

This segues into our next fact about Bitcoin. Bitcoin currently consumes more electricity that the entire country of Argentina.

According to Cambridge research, Bitcoin uses 121 terawatt-hours per year, which is more than Argentina. (If you know what terawatts are, bully for you)