Because The Cambridge Index Website Notes

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The problem, critics say, is that every one those calculations wanted to resolve the equations for cryptocurrency mining (todaytechreview.com) cumulatively eat giant quantities of electricity. Bitcoin already makes use of 149.Sixty three terawatt hours annually, greater than total international locations comparable to Malaysia and Sweden, in response to the Cambridge Bitcoin Electricity Consumption Index. Microsoft co-founder and world philanthropist Invoice Gates recently advised journalist Andrew Ross Sorkin that bitcoin "makes use of extra power per transaction than every other methodology identified to mankind."

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