Opinion

Bitcoin does consume a lot of energy – but here’s why it’s worth it

Some people question bitcoin’s legitimacy because it uses huge amounts of electricity to maintain its network. But that’s not a failing, says Dominic Frisby – it’s what gives it value.

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by: Dominic Frisby

27 Jan 2021

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Many bitcoin mining operations, such as this one in Russia, use renewable energy

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Bitcoin does consume a lot of energy – but here’s why it’s worth it

Some people question bitcoin’s legitimacy because it uses huge amounts of electricity to maintain its network. But that’s not a failing, says Dominic Frisby – it’s what gives it value.

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Bitcoin does consume a lot of energy – but here’s why it’s worth it

Some people question bitcoin’s legitimacy because it uses huge amounts of electricity to maintain its network. But that’s not a failing, says Dominic Frisby – it’s what gives it value.

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