October 24, 2026

Digiconomist Tweets on Colossal Loss of Resources in Bitcoin Mining

Digiconomist Tweets on Colossal Loss of Resources in Bitcoin Mining
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In a recent Twitter thread, Digiconomist noted that the total amount of power used by the Bitcoin mining sector in 2017 was 161 TWh. Notably, there was a larger power usage than in comparison to all of Sweden.

Additionally, for every blockchain transaction performed, the network used an average of 1,738 kWh of electricity. The average U.S. …

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Digiconomist Tweets on Colossal Loss of Resources in Bitcoin Mining