The process of mining demands large energy consumption, reaching up to 120 Terawatt hours every year, which is equivalent to around 1% of the world’s energy consumption.
Experts have compared this level of energy consumption to the likes of small countries like Greece, Argentina and Chile who use fewer amounts of power annually. But why exactly does crypto mining require so much energy?
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Debunking the "Bitcoin is an environmental disaster" argument posted by @fillippone.
I just added on such a trhead a document by Bitcoin Mining Council (whom you may disagree with, but numbers are numbers), regarding the fact the China Ban heavily impacted mining industry.