Bitcoin power consumption ‘66 times higher than in 2015’: Citigroup

Bitcoin power consumption ‘66 times higher than in 2015’: Citigroup

However energy consumption has not matched the 170X price increase over the same period. The Bitcoin energy consumption debate is heating up faster than the planet, with corporations facing pushback from the public and shareholders over Bitcoin investments.According to a Citigroup Inc. report, Bitcoin is consuming 66 times more electricity than it did in 2015. It added that the carbon emissions associated with mining will likely face increasing scrutiny, according to Bloomberg.This assertion is backed up by new research from Mastercard — which just released its own Carbon Calculator — that....


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