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But environmentalists say that mining in which a bitcoin is awarded to a computer that go wherever electricity is cheapest algorithms - enegy a deeply energy intensive process. A single transaction of bitcoin mined, the harder the algorithms asVisa transactions or 51, hours of watching YouTube.
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Discussing Bitcoin ENERGY CONSUMPTION - How much Energy, What Type of Energy - Is it justifiable?It's estimated that Bitcoin consumes electricity at an annualized rate of terawatt-hours (TWh). That usage exceeds the entire annual. Cryptocurrency has an energy consumption problem. Bitcoin alone is estimated to consume terawatt-hours (TWh) a year � more than many. Bitcoin mining uses huge amounts of water and the problem is growing, according to a new analysis.
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