Broker Check
 
 
 
The Sharp Financial Group May Infographic: The Electricity Required to Power Bitcoin

The Sharp Financial Group May Infographic: The Electricity Required to Power Bitcoin

| May 24, 2021
Share |

Good Morning and we hope this distribution finds you well.

Cryptocurrencies have garnered more attention over the last few months than most traditional asset classes, as retail investors and some high-profile CEO’s have jumped on the crypto bandwagon. Most popular among the offerings is Bitcoin, but few people understand just how much electricity is required in order to power the bitcoin network and mining of the coins. With data aggregated from the University of Cambridge’s Bitcoin Electricity Consumption Index, we can compare Bitcoin’s power consumption to a variety of countries and large companies.

Brought to you in partnership with our friends at www.visualcapitalist.com, we hope you find the attached infographic ‘electrifying.’

Please reach out to us with any questions or if we can help in any way. 

Your Team at The Sharp Financial Group

Share |