Cryptocurrency mining consumes more energy than a country

The fever of the mining of cryptocurrencies reaches such a point that there is already talk of a gigantic consumption of energy, it is not for less since the miners have left the stores almost without stock of graphics cards so we can already get an idea of which they have working at full time all the time.

Cryptocurrencies suppose more energy consumption than a country

The mining of Bitcoin and Ethereum cryptocurrencies supposes a global energy consumption of 4.54 TWh and 4.69 TWh, this means that the mining of Ethereum consumes almost the same energy as the country that is placed in position 120 of the ranking of electricity consumption We are talking about Moldova, which has a population of 3 million people.

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On the part of Bitcoin, its consumption is more or less equivalent to the country in position 81 of the ranking, so energy consumption is the equivalent of Mozambique and Turkmenistan, the second has a population of 5.17 million inhabitants. If we add the figures of both cryptocurrencies, we have that mining consumes the amount of energy that a country with 17 million inhabitants like Syria.

If we continue talking about figures, Ethereum consumes 8 times more energy in its mining than is necessary to operate the VISA credit card network, worse is the case of Bitcoin that consumes 27 times more energy.

Source: techpowerup