Energy markets to face disruptions amid unregulated crypto mining

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Azer News

By Trend Energy markets will face disruptions amid unregulated crypto mining, Trend reports with reference to Fitch Ratings. The agency notes that rapid growth in unregulated crypto mining could divert resources from the electrification of other sectors, particularly in emerging markets. From 2017 until now, Bitcoin energy consumption has increased by over 1300 percent. According to Bitcoin statistics provided by Digiconomist through their Bitcoin Energy Consumption Index, the lowest annual terawatt hour values (tWh) for Bitcoin’s energy use were at just over 3 TWh per year at the start of 201…

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