Bitcoin's Energy Usage Slumps to a Year's Low

Energy consumption on the bitcoin blockchain network has declined by up to 35% amid a meltdown in the value of the cryptocurrency, Mint reported, citing trackers who compile details on how much energy crypto transactions consume.

Bitcoin’s energy consumption dropped from 204.5 TWh (terawatt-hour) per year earlier this month to a low of 130.5 TWh on June 19, the lowest level in a year, the report said, citing Dutch economist Alex de Vries.

Read the full report: Mint.

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.