Bitcoin would consume 0.5% of the total electric power

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Alex de Vries, an economist, and blockchain specialist who serves at PwD in the Netherlands exposed the findings on crypto mining. It is estimated that the crypto mining activity would consume 0.5% of the total electric power at the end of the year. Currently, the bitcoin network uses 2.55 gigawatts and is predicted to go up to 7.7 gigawatts.

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