Exactly how sustainable is Bitcoin? What about the other proof of work cryptocurrencies? They have revolutionized the way we think about money and the financial institutions that control it: a truly trustless economy is possible, with no third party required for people to make monetary transactions. Recently Bitcoin’s 24-hour trading volume surpassed $20 billion, all without any bank or organization’s approval or oversight. With BTC on the rise again, it seems that the blockchain is here to stay.
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KuCoin Blog: https://blog.kucoin.com/energy-consumption-in-crypto-mining-sk-st
Yes, but it shouldn't be compared to the whole countries. Mining difficulty should be compared to the energy requirements of the current banking system. That would be far more insightful.
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