Economist Alex de Vries, who published an article on “Bitcoin’s Growing Energy Problem,” yesterday, May 16, in scientific journal Joule, told the Independent that Bitcoin (BTC) mining will use 0.5 percent of the world’s energy by 2018.
Plattsburgh in the United States becomes the first town to enforce an 18-month prohibition period on cryptocurrency mining operations.
China is taking early action by putting restrictions to prevent a potential energy crisis that might arise due to high power usage by Bitcoin miners.
Electricity consumption is very high in Bitcoin mining. Environmental experts are asking for adoption of alternatives