STANDARD CRYPTOCURRENCY MINING WILL
RESULT IN AN ENERGY CRISIS
Jordan Rochester - an expert from the company Nomura, is
convinced in this. He believes that the cryptocurrency bitcoin
influences many processes in the modern world, including
energy. Jordan Rochester draws attention to the fact that the
pace of such energy consumption for mining cryptocurrencies
is growing faster than is forecasted. The fastest growth is
observed in China, where 71% of all bitcoin mining farms are
located. According to predications calculated in 2016, it was
expected that by 2020, bitcoin production would require the
same amount of energy that Denmark is currently using. This
level of energy consumption has already been reached 3 years
earlier than predicted.