There Is Nothing Virtual About Bitcoin’s Energy Appetite

Creating a single token requires as much electricity as two years’ worth of consumption by an average American home. Some enthusiasts believe that’s a problem.

Li Shuangsheng, works at Bitmain, a Bitcoin farm in Dalad Banner, Mongolia, Aug. 11, 2017. (Giulia Marchi for The New York Times)

By Nathaniel Popper

SAN FRANCISCO — Creating a new bitcoin requires electricity. A lot of it.

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