Bitcoin consumes a lot of energy. Go ahead and shout it from the rooftops — it’s a fact. According to CoinShares’ June 2019 mining report, Bitcoin uses approximately 41 terawatt-hours (TWh) of energy per year, which is roughly equal to the annual energy consumption of the entire country of New Zealand. Armchair critics love to paint Bitcoin as a gas-guzzling behemoth hellbent on polluting our world and burning up our atmosphere. After all, there’s no need to dig any deeper than the surface level on something that you plan to write off. But the pundits are missing a couple fundamental points when it comes to Bitcoin ... (full story)