Alex de Vries

Bitcoin Price Surge Leads to Electricity Consumption Spike: Blog Questions Environmental Impact

Get Trading Recommendations and Read Analysis on for just $39 per month. Bitcoin’s price surge has swelled the power consumption of computers mining the digital currency, according to a blog by Christopher Malmo, writing in Motherboard, that questions the environmental impact of Bitcoin mining. According to a cryptocurrency index from Alex de Vries, also known as Digiconomist, Bitcoin miners can consume more than 24 terawatt hours of electricity per year in producing Bitcoin. The amount of electricity consumed in [...]