The Truth About Bitcoin's Green New Deal
Bitcoin’s thirst for energy is well-documented. Current estimates have the global Bitcoin mining industry consuming 7.64GW, equivalent to around 64.08 terawatt-hours of energy consumption—the output of seven nuclear power plants. That’s turned the eco-conscious against the cryptocurrency on principle—but Bitcoin maximalists claim that it can actually help the environment through the more efficient allocation of resources. The likes of Nic Carter, Andreas Antonopoulos, and Dan Held have all lent...