WTF- A single Bitcoin transaction has a bigger carbon footprint than 100,000 hours of YouTube videos
WTF- A single Bitcoin transaction has a bigger carbon footprint than 100,000 hours of youtube videos The primary criticism against Bitcoin in today's market is its excessive energy consumption. Recent findings shed light on the magnitude of this issue. According to Digiconomist’s Bitcoin Energy Consumption Index, a single Bitcoin transaction, on average, can consume up to 1752.79 kilowatt-hours (KWh) of electrical energy. This is equivalent to the energy consumed by 1.2 million VISA transactions. VISA, which powers approximately 42% of the world's credit market, is one of the largest payments providers, alongside Mastercard, Discover, and American Express. Remarkably, even VISA's carbon footprint is smaller. Furthermore, Bitcoin's carbon footprint, the measure of greenhouse gases generated by cryptocurrency mining, is equivalent to watching 138,762 hours of YouTube or, in VISA terms, conducting 1.8 million transactions. Over the course of a year, Bitcoin...