Bitcoin uses as much energy as Sweden and is on course to use even more. Experts say that’s a ‘major problem’ for its future.
As bitcoin sores, the matrix of computers that run its software now uses as much energy as Sweden. Rising value incentivizes bitcoin “miners” to compete with each to discover new tokens. “I don’t think the bitcoin industry is doing itself any favors by refusing even to accept that bitcoin’s energy use is a problem.”