The Bitcoin network is more efficient compared to our current financial system, so any concerns about its energy use are completely unfounded.


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In this article, we are going to dive into Bitcoin’s impact on the environment.

Since the rise of Bitcoin, the media has relentlessly attacked it based on its energy consumption. A popular argument comes from The Guardian, “A single bitcoin transaction uses the same amount of power that the average American household consumes in a month.” Columbia University writes, “One study warned that Bitcoin could push global warming beyond 2°C.” And one Newsweek article even says, “Bitcoin mining is on track to consume all of the world’s energy by 2020.”



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