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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.
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Your Team at The Sharp Financial Group