Crypto Energy Use: Could These Stocks Be Winners?
There’s a lot of speculation behind the exact reasons for the recent cryptocurrency sell-off. Whether prices for digital currencies are in a bubble or not is up for debate. But whether you’re a fan of Bitcoin(CRYPTO:BTC) or view it as a valueless mirage, there’s no denying that mining it has a significant negative impact on the environment.
According to the Cambridge Centre for Alternative Finance, Bitcoin’s estimated annual energy consumption is 116 terawatt-hours. That’s as much electricity as…
