Bitcoit a monster in energy consumption

It's not an open secret: Bitcoin consumes a lot of energy. Very many. But the washing machines, the tablets and the electric heaters, too. So ... How much is a lot? What are actually 32 terawatt hours of energy? Because when we are not used to handling this type of quantity, everything becomes very abstract.

It is easier to point out that today, Bitcoin's energy consumption is higher than countries like Serbia, Ireland or Morocco. And if we included it in a list of countries by energy consumption would exceed about 130 of them. I do not know if it is a huge amount, but without a doubt we are talking about bigger words.

he two data, both the consumption of Bitcoin, and the consumption of the countries, are difficult to estimate accurately. The first because there is no real way to know which machines are working and how much they are consuming more than by approximation. Second, because the energy sector continues to be a "national security" issue, the data is bad and is often outdated (the most reliable are from 2014, for example).

Despite these problems, the figures are consistent without reaching the 159 of which spoke the English consultancy PowerCompare a few weeks ago. Arriving at these figures, it would not be surprising either: after all, more than half of the annual energy is consumed in China, the United States and the European Union. And there are countries with very very modest consumption.

source: xataka