TERAWATT TERROR

AS BITCOIN’S PRICE RISES, SO DOES THE AMOUNT OF ENERGY CONSUMED BY ITS WORLDWIDE NETWORK, AS MORE “MINERS” JUMP IN WITH THEIR HIGH-POWERED COMPUTERS TO SOLVE MATHEMATICAL PROBLEMS. WHEN BITCOIN PEAKED AT $64,654 IN APRIL, ITS NETWORK WAS

WASTING ENOUGH ENERGY TO KEEP THE LIGHTS ON IN ALL OF GEORGIA.

University of Cambridge Centre for Alternative Finance; U.S. Energy Information Administration