{"id":500938,"date":"2022-06-27T10:18:24","date_gmt":"2022-06-27T04:48:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=500938"},"modified":"2022-06-27T10:55:42","modified_gmt":"2022-06-27T05:25:42","slug":"bitcoin-electricity-consumption-drops-by-43-per-cent-following-crypto-crash","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bitcoin-electricity-consumption-drops-by-43-per-cent-following-crypto-crash\/","title":{"rendered":"Bitcoin electricity consumption drops by 43 per cent following crypto crash"},"content":{"rendered":"<p>The cryptocurrency market plunged by more than 50 per cent tanking hundreds of millions of dollars of crypto traders and investors. However, every event has a silver lining and the recent crypto crash also had a major impact on the energy consumption of Bitcoin.<\/p>\n<p>According to Digiconomst, a platform that tracks Bitcoin\u2019s energy consumption, the most popular crypto fell by more than a third over the past couple of weeks. Bitcoin\u2019s annualized energy consumption dropped from about 204 terawatt-hours (TWh) per year on June 11 to roughly 132 TWh per year on June 23, a drop of 43 per cent.<\/p>\n<p>It is worth noting that despite the drop, the current energy consumption is equivalent to the amount of energy a country like Argentina uses yearly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market plunged by more than 50 per cent tanking hundreds of millions of dollars of crypto traders and investors. However, every event has a silver lining and the recent crypto crash also had a major impact on the energy consumption of Bitcoin. According to Digiconomst, a platform that tracks Bitcoin\u2019s energy consumption, the most popular crypto fell by more than a third over the past couple of weeks. Bitcoin\u2019s annualized energy consumption dropped from about 204 terawatt-hours (TWh) per year on June 11 to roughly 132 TWh per year on June 23, a drop of 43 per cent. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-500938","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/500938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=500938"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/500938\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=500938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=500938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=500938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}