“The report states that each Bitcoin transaction consumes 1,173 kilowatt hours of electricity. That’s the volume of energy that could “power the typical American home for six weeks,” the authors add.”
MoneySuperMarket · Bitcoin since: +131%
As published by Fortune
A little perspective.
Bitcoin on that day$34,155October 26, 2023
$100 at that price$231.24At our latest price check
Illustrative value using a Bitcoin price of $78,981, checked Oct 29, 2026, 11:07 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Every Single Bitcoin Transaction—Even Buying A Latte—Consumes Over $100 In Electricity, Says A New Report” — MoneySuperMarket, Fortune, October 26, 2023. Bitcoin: $34,154.7. https://bitcoindeaths.com/posts/2023-10-26-every-single-bitcoin-transactioneven-buying-a-latteconsumes-over-100-in-electricity-says-a-new-report