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11/07/2018

Bitcoin Energy Consumption Index by Digiconomist

The amount of power consumed into Bitcoin mining alone is exponentially increasing. Estimated TeraWatt/Hours (TWh) of energy consumed increased more than 5x from 2017 to 2018. Digiconomist published a report disclosing the amount of electricity consumption of mining Bitcoin matches the energy consumption of Chile. If mining Bitcoin can match the energy consumption of an entire country, we should understand the repercussion it has on the environment.

 

Full study found here: https://digiconomist.net/bitcoin-energy-consumption

Most mining companies are uninterested to find out were their source of energy comes from. As long as they pay its utility bills, maintain its mining hardware and get significant returns, environmental consequences of consuming this much power is a forgotten fact.

 

Trinity Mining aims to achieve a purely sustainable future where we can develop blockchain technology and continue to operate through sustainable energy. 

 

We believe in the future of renewable energy as well as the future of blockchain technology. This is why Trinity Mining is determined to be a socially responsible company by integrating renewable energy into mining crypto currencies. If crypto currencies is the next viable alternative financial system, we aim this to be financially and environmentally sustainable.