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RE: Bitcoin Mining Impact on environment: Data Story
MINING OF BITCOIN CONSUMES NOW MORE ELECTRICITY THAN 159 COUNTRIES
While the price of Bitcoin has increased by almost 1000% since the beginning of the year, the electricity consumed by "minors", which secure the network, is now more important than that consumed by 159 countries .
A study conducted last week by the UK PowerCompare comparator relied on data provided by the Digiconomist site, which estimated annual electricity consumption related to Bitcoin at 29.05 terawatt hours - 0.13% of the total energy consumption in the world.
For PowerCompare, this figure is higher than the power consumption of Nigeria - which is the most populous country in Africa, and the richest on the continent.