Bitcoin’s success is a nightmare for the environment -- this is why

By February 2020, it is estimated that bitcoin will outstrip the current electricity needs of the entire globe.

According to Eric Holthaus, if you are among those who have been ignoring “the bitcoin phenomenon,” it is time to “start…

When envisioning a replacement for money, bitcoin inventors may not have “accounted for […] how much of an energy suck … [it] could one day become,” concedes Holthaus, but that doesn’t mitigate reality. “Each bitcoin transaction requires the same amount of energy used to power nine homes in the U.S. for one day.” Already, writes the meteorologist, the total energy used annually to support bitcoin hardware exceeds that of “150 individual countries in the world.”