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Power-hungry bitcoin overtakes electric cars

Miners of bitcoin and other cryptocurrencies could require up to 140 terawatt-hours of electricity in 2018

Published Thu, Jan 11, 2018 · 09:50 PM
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New York

THE global power needed to create cryptocurrencies this year could rival the entire electricity consumption of Argentina and be a growth driver for renewable energy producers from the US to China.

Miners of bitcoin and other cryptocurrencies could require up to 140 terawatt-hours of electricity in 2018, about 0.6 per cent of the global total, Morgan Stanley analysts led by Nicholas Ashworth wrote in a note Wednesday.

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