Bitcoin Mining Consuming More Electricty than Countries

Bitcoin mining is the process of computers solving complex algorithms to create new bitcoin, the miner is rewarded in bitcoin. As the value of the cryptocurrency has soared so has the energy consumption required to mine it.

Bitcoin mining is now using more electricity than Argentina. And is poising some serious questions to governments and financial institutions.

Recently Elon Musk added $900 million to his fortune through bitcoing mining, but in the process it could cost him his mission to make his company “emissions-free”.

Read More: The Guardian