Bitcoin's energy problem a lesson amid tide of digitalisation: Business Extra podcast

Electricity being used by those mining bitcoin the equivalent of that consumed by a country the size of the UAE

The mining of Bitcoin globally is now using enough electricity annually to power a country the equivalent size of the UAE - and consumption is growing.

Can warnings over cryptocurrencies' carbon footprint challenge help us reimagine how we utilise energy resources? And amid a rising tide of digital assets, what can be learned from Bitcoin's shift to renewable energy?

Host Mustafa Alrawi, assistant editor-in-chief, and co-host Kelsey Warner, future editor, discuss all this in this week's episode.

In this episode:

Bitcoin's energy consumption (0m 55s)

What is Bitcoin mining? (2m 24s)

Why is there a market for Bitcoin? (6m 45s)

Bitcoin's role in an energy transition (8m 30s)

Updated: April 28, 2021 12:50 PM


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