University of Cambridge

Technology • Internet & Web
Study: Bitcoin has higher electricity usage than the country of Argentina
Study: Bitcoin has higher electricity usage than the country of Argentina
Credit: Viktor Forgacs

According to research by scientists at the Cambridge Centre for Alternative Finance, Bitcoin mining consumes around 121.36 terawatt-hours (TWh) electricity per year in order to generate new Bitcoins and verify transactions on the blockchain.

This ranks Bitcoin’s electricity consumption above Argentina (121 TWh), the Netherlands (108.8 TWh) and the United Arab Emirates (113.20 TWh) - and it is gradually creeping up on Norway (122.20 TWh).

Health
Study suggests that population wide face mask use could prevent second wave of Covid-19
Elderlies wearing face masks at a Bus stop in Macau, China
Elderlies wearing face masks at a Bus stop in Macau, China Credit: Macau Photo Agency

Scientists from the Cambridge and Greenwich Universities have stated that their research that focussed on the spread of the Covid-19 suggests that lockdowns alone are not enough to contain the virus from resurging in a second wave. It instead indicates that the widespread use of face masks - even homemade ones - could reduce the transmission rates to a controllable level if enough people wear them.