News Snapshot:
Key facts: The Bitcoin network reached its highest consumption last May. The drop in consumption may be due, in part, to more efficient use of energy. The opinion matrix created on Bitcoin (BTC), the consumption of electricity and its alleged contamination, are losing more and more strength. The University of Cambridge reports today, July 9, that the electricity consumption of Bitcoin fell by 60% in two months, reaching October 2020 levels. The data was taken from the Cambridge Bitcoin Electricity Consumption Index. The study shows that Bitcoin currently consumes 67 terawatt-hours (TWh), while last May it consumed 141 TWh, the...
