A topic that seems to dominate the Bitcoin media are the vast amounts of energy consumed and the corresponding high carbon emissions. Some disturbing headlines could be read during the last couple of months: “Bitcoin mining consumes more electricity a year than Ireland” (theguardian) “Bitcoin Is Massively Polluting the Earth – And We Should All Be Scared” (globalcitizen) Some of the numbers stated in these articles were vastly exaggerated, and some of the headlines are just plain FUD. Yet, a kernel of truth remains. The electricity used to power the Bitcoin network is produced mainly by fossil fuels. Mostly byPowered by WPeMatico
