Business
Bitcoin: China’s crackdown isn’t enough – only a global effort can stop crypto’s monstrous energy demand – The Conversation UK
Chinese bitcoin mining could consume as much energy as the whole of the UK by 2024.
Huge concrete data centres, permanently plugged into power plants and telephone exchanges, maintain much of online life. But the infrastructure behind internet-based cryptocurrencies such as bitcoin, dogecoin and ethereum is more like a rusty travelling circus. And right now, that circus is on the road.
Bitcoin relies on a network of millions of specialist machines, known as miners, around 70% of which are currently based in China. Like a never-ending game of Hungry Hippos, each player hammers their…
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