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Proof-of-work blockchain networks such as Bitcoin consume very large amounts of electricity.
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SUPPORTED
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5 sources for · 0 against
Is it true that proof-of-work blockchain networks such as Bitcoin consume very large amounts of electricity?
Yes. Multiple sources state that proof-of-work blockchains such as Bitcoin consume very large amounts of electricity, with one comparing Bitcoin mining's energy use to that of Switzerland and another to Ireland.
Verdict: SUPPORTED · 5 sources for, 0 against · Last checked
Evidence for · 5
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Proof of work. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Proof_of_work
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More for · 4
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Bitcoin Blackout: Proof-of-Work and the Centralization of Mining. (2022). ssrn.com. https://doi.org/10.2139/ssrn.3936787
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Recent Developments in Blockchain Technology and their Impact on Energy Consumption. (2021). doi.org. https://doi.org/10.48550/arxiv.2102.07886
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Toward Low-Cost and Stable Blockchain Networks. (2020). doi.org. https://doi.org/10.1109/icc40277.2020.9148615
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RDV: An Alternative To Proof-of-Work And A Real Decentralized Consensus For Blockchain. (2017). hal.science. https://hal.science/hal-01560617v7
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