Bitcoin’s Energy Consumption Equalled That of Hungary in 20183.6

Bitcoin miners consumed as much as energy in 2018 as Hungary, according to Alex de Vries.

The researcher at the Netherlands’ PricewaterhouseCoopers (PwC) branch studied bitcoin’s global energy consumption all across the year. He found that existing hydropower projects were not sufficient in sustaining the cryptocurrency mining operations, adding that the bitcoin network demanded as much as 62.3 TWh power. The power of such scale could single-handedly serve a Hungary or a Switzerland.

Original source
https://www.newsbtc.com/2019/03/14/bitcoins-energy-consumption-equalled-that-of-hungary-in-2018/

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