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Bitcoin Mining Operations Now Use More Energy Than Ireland

It's been a big week for Bitcoin. The price of one bitcoin hit $13,000 on Wednesday, marking a 1,200 percent increase in value this year. The price of Bitcoin isn't the only thing rising. The energy used to "mine" the cryptocurrency is also skyrocketing -- and people are getting worried. The Bitcoin Energy Consumption Index tracker puts Bitcoin’s current estimated annual energy use at almost 32 terawatt-hours, roughly equivalent to Serbia’s yearly electricity consumption and ahead of at least 159 other countries, including Ireland and most nations in Africa.
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