Bitcoin’s hashrate reached new record highs this week, leading one study to estimate its total energy consumption now matches some EU nations. More Power Than Belgium? According to the latest data from the University of Cambridge, the Bitcoin network uses around 79.79 terawatt hours (TWh) of power every year. The establishment has created a dedicated monitoring resource for Bitcoin, which it has dubbed the Cambridge Bitcoin Electricity Consumption Index (CBECI). Based on statistics from 2016,Read MoreThe post Bitcoin’s Energy Consumption Nears Belgium, Finland Figures appeared first on Bitcoinist.com.
