You’ve probably heard that bitcoin is on an insane roll. But you know what’s also crazy? The bitcoin what is one bitcoin worth already consumes an estimated 32.
That’s more energy than you’d need to power all of Houston. It’s more than you’d need to power all of Ireland, and roughly as much as Denmark. That raises the question: Is all this energy use worth it? It’s frankly hard to see how. Bitcoin was supposed to be a kind of anarchist project: A peer-to-peer currency outside of the control of any government. There are certainly upsides to that premise. But that means bitcoin also has to get by on do-it-yourself projects by a decentralized network of enthusiasts.