mrpbennett
Re:China's Ban on Bitcoin Follows a Pattern Frequently Used by Beijing
on Tuesday July 13, 2021 @02:07PM (#27824159)
got my China data from here https://ourworldindata.org/energy/country/china
Re:China's Ban on Bitcoin Follows a Pattern Frequently Used by Beijing
on Tuesday July 13, 2021 @01:35PM (#27823735)
Compare Bitcoin's energy consumption to a country like China. It's not so devastating to the planet. Bitcoin currently consumes around 110 TWh per year — 0.55% of global electricity production, or roughly equivalent to the annual energy draw of small countries like Malaysia or Sweden. China as of 2019 was ~39,000 TWh, with the China ban the energy consumption can only improve. As miners move away from coal and on to more renewable sources and countries.