A visual representation of the digital Cryptocurrency, Bitcoin on December 07, 2017 in London, England.
Bitcoin has an energy problem
According to one estimate, the process of mining bitcoins and keeping the network running uses more energy than Belgium in a year. CNN's Clare Sebastian reports on the network's vast energy usage.
03:10 - Source: CNNBusiness
Cryptocurrency, Blockchain and NFTs 16 videos
A visual representation of the digital Cryptocurrency, Bitcoin on December 07, 2017 in London, England.
Bitcoin has an energy problem
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US Microsoft founder, Co-Chairman of the Bill & Melinda Gates Foundation, Bill Gates, poses for a picture on October 9, 2019, in Lyon, central eastern France, during the funding conference of Global Fund to Fight AIDS, Tuberculosis and Malaria. - The Global Fund to Fight AIDS, Tuberculosis and Malaria on October 9, 2019, opened a drive to raise $14 billion to fight a global epidemics but face an uphill battle in the face of donor fatigue. The fund has asked for $14 billion, an amount it says would help save 16 million lives, avert "234 million infections" and place the world back on track to meet the UN objective of ending the epidemics of HIV/AIDS, tuberculosis and malaria within 10 years. (Photo by JEFF PACHOUD / AFP) (Photo by JEFF PACHOUD/AFP via Getty Images)
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Here's why bitcoin's drop has investors worried
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A visual representation of the digital Cryptocurrency, Bitcoin on December 07, 2017 in London, England.
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A quarter of all the electricity in this county is powering Bitcoin mining
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Bitcoin's carbon footprint is growing larger. Here's why.
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The statue of former Los Angeles Lakers Magic Johnson is seen in front of Staples Center following an NBA basketball game between the Los Angeles Clippers and the San Antonio Spurs Tuesday, Nov. 16, 2021, in Los Angeles. The Staples Center in downtown Los Angeles will be renamed Crypto.com Arena on Christmas. The home of the NBA's Lakers and Clippers, the NHL's Kings and the WNBA's Sparks will change its name after 22 years. (AP Photo/Mark J. Terrill)
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JPMorgan Chase & Co. CEO Jamie Dimon speaks during the Business Roundtable CEO Innovation Summit in Washington, DC on December 6, 2018. (Photo by Jim Watson/AFP/Getty Images)
Jamie Dimon blasts bitcoin as 'worthless'
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