Bitcoin mining uses more electricity than Argentina

"Mining" for the cryptocurrency is power-hungry, involving heavy computer calculations to verify transactions. If Bitcoin was a country, it would be in the top 30 energy users woldwide.

Will Bitcoin Use as Much Electricity as All of Austria?

An analysis predicts the Bitcoin network could be using 7.67 gigawatts of electricity by the end of the year. That’s half a percent of the world’s electricity and the same amount used by the whole of Austria.