Bitcoin Uses a Ton of Energy — On Purpose. Is it Worth It?
Climate One
00:00
Introduction
Greg Dalton: I had no idea Bitcoin was so energy-consumptive, but it turns out Bitcoin is designed that way on purpose to be super secure. The New York Times reported recently on a Bitcoin mining operation in Rockdale, Texas that uses as much electricity as 300,000 nearby homes. Even when Bitcoin mining uses renewable power, environmentalists and others argue that it's drawing that power away from other places where it could be more useful during this energy transition.
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