According the Bitcoin Energy Consumption Index the whole Bitcoin network now consumes more than 50 terawatt-hours (TWh) of electricity per year.

Digiconomist is committed to promoting (the development of) sustainable blockchain technology.

We’ve barely made it past the controversy surrounding Bitcoin’s insane energy consumption, but egregious transaction fees, that have to be paid for actually using the popular digital currency, may soon spark a whole new storm of critique

Digiconomist is committed to promoting (the development of) sustainable blockchain technology.

Over the past few weeks Bitcoin’s insane energy consumption took center stage in the media coverage regarding the popular cryptocurrency.