The cryptocurrency market plunged by more than 50 per cent tanking hundreds of millions of dollars of crypto traders and investors. However, every event has a silver lining and the recent crypto crash also had a major impact on the energy consumption of Bitcoin. According to Digiconomst, a platform that...
The Bitcoin network’s power consumption has fallen to 11 GW as of yesterday, down 27% from 15 GW in April, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI). The index, which estimates the amount of power used by Bitcoin miners, is maintained by the Cambridge Centre for Alternative Finance...
