Bitcoin & electricity

Bitcoin and Electricity by Alex Tabarrok (November 29, 2021)

How many times have you read something like this, “Bitcoin uses as much electricity as Malaysia or Sweden or Denmark or Chile….”. What a bore. Have you ever wondered, however, why the comparison is to countries? Why don’t they ever tell you what would seem to be a more natural comparison which is how much “Bitcoin” spends on electricity?

Written by Andrew Ittner in public on Wed 01 December 2021. Tags: commentary, economics, cryptocurrency