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