https://matejlukasik.com/tags/energy/Recent content in Energy on Matej LukášikHugoen-usmatej@matejlukasik.com (Matej Lukášik)matej@matejlukasik.com (Matej Lukášik)Mon, 03 Mar 2025 00:00:00 +0000https://matejlukasik.com/bitcoin-key-to-renewable-energy/Mon, 03 Mar 2025 00:00:00 +0000matej@matejlukasik.com (Matej Lukášik)https://matejlukasik.com/bitcoin-key-to-renewable-energy/<p><em>This post was written for Slovakia&rsquo;s <a href="https://www.dvadsatjeden.org/bitcoin-ako-kluc-k-obnovitelnej-energii/" target="_blank" rel="noopener noreffer ">twentyone.world</a> community</em></p> <p>One of the <strong>main objections to Bitcoin is the enormous amount of electricity it consumes during its mining</strong>. Critics claim that Bitcoin mining equals or even surpasses the electricity consumption of entire countries. It is indeed true, as we can see in the following chart from November 2023, Bitcoin mining consumed more energy per year than, for example, the entire country of Norway, Pakistan or Ukraine.</p>