The size of the electric power to mine Bitcoin is greater than the volume of consumption of a country like Argentina!

During recent months, there has been a lot of talk about the electronic currency Bitcoin due to the huge rise in its value, which within weeks reached record numbers that it had not achieved since its official launch more than 11 years ago, but many do not know how to create this currency or the amount of electrical energy required for that

This process is called mining or bitcoin mining, and it is a very expensive process, especially at the level of electrical energy consumption According to a new study conducted by the University of Cambridge in the United Kingdom, mining the electronic currency Bitcoin requires an estimated energy of 12636 terawatt hours per year, which is the matter according to University of Cambridge, which exceeds the annual energy consumption for a large country such as Argentina, which has an average consumption of 121 terawatt hours

But more than that, the huge amount of energy consumed by the bitcoin mining industry exceeds the annual consumption of electrical energy by means of nearly 29 countries, among them Argentina, as we mentioned, which is close to its annual consumption rate, according to the Cambridge University study Energy qualifies it - if it were a country - to enter the list of the thirty most consuming countries of electrical energy in the world

This study comes at a time when many are alerting of the large consumption of electrical energy in Bitcoin mining operations, but this consumption is likely to rise further in the coming years