Tag: Bitcoin energy consumption Vietnam
The Reality of Bitcoin Energy Consumption in Vietnam
Understanding Bitcoin Energy Consumption Bitcoin’s energy consumption has become a hot topic, especially in countries with burgeoning cryptocurrency markets like Vietnam. According to recent studies, Bitcoin mining consumes around 100 TWh annually, equivalent to the energy used by entire countries. In Vietnam, where electricity is increasingly becoming a matter of concern, understanding this energy footprint…
Bitcoin Energy Consumption in Vietnam: A Crucial Discussion
Introduction As of 2024, the global Bitcoin network consumes over 100 terawatt-hours (TWh) of energy annually, raising concerns about its sustainability. In Vietnam, where the user growth rate for cryptocurrencies has surged by 150% since 2022, the discussion around Bitcoin’s energy consumption is more relevant than ever. This article aims to shed light on the…
