According to reports, according to Forbes, Columbia Climate School, the official website of the White House and other reports, the total annual electricity consumption of cryptocurrencies is between 12 billion and 240 billion kWh. That exceeds the electricity demand of large countries such as Argentina and Australia. From a monetary perspective, this figure represents a higher GDP than a small country such as the Bahamas. The Bitcoin blockchain remains the largest consumer, consuming over 161 TWh in 2022 alone.
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