How much energy does bitcoin use? ...Middle East

Quartz - Economy
How much energy does bitcoin use?
source : Quartz ( Middle East ) () 6
How much electricity does bitcoin consume globally? The answer is important not only for the health of the planet, but also for the currency’s value.Researchers start by looking at the bitcoin network’s daily “hashrate”—i.e., how quickly computers on the network can perform calculations. Then they make some assumptions about the computer equipment most miners are using.1 Throw in an estimate of average electricity prices and the latest price for bitcoin, and you can get an accurate, if imprecise, estimate of electricity consumption. The most reputable such estimate comes from the University of Cambridge Bitcoin Electricity Consumption Index, according to which the global bitcoin network curr

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