Monday, March 19, 2018

This startup wants to fight the crypto energy crisis by turning waste into electricity


Questions still abound about the sustainability of cryptocurrency mining and its impact on energy consumption. Per figures from Digiconomist, Bitcoin consumes 53.28TWh annually (about as much as Bangladesh consumes in a year) and about 262KWh per transaction. For some context, that could power more than 3,000 US households a year. Ethereum, the world’s second largest cryptocurrency, is a little easier on electricity by comparison but still consumes 15.22TWh a year at 55KWh per transaction on average. Needless to say, this leaves behind a hefty carbon footprint and casts doubt on the future of cryptocurrency. This all fits into wider problems…

This story continues at The Next Web

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