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Dec 17, 2017 The concerns about coal being a major component of bitcoin's rise are very real because the majority of bitcoin mining takes place in China, 58 percent, in fact. As Bloomberg pointed out last week, China is also the world's top coal burner, leading to the concerns over massive energy use in the form of a 

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Jul 7, 2017 It's also interesting to note how Bitcoin and Ethereum mining compares in power consumption to the largest traditional financial services company, Visa. According to this statistic, the number of U.S. households that could be powered by the electricity consumed by Bitcoin mining alone exceeds a 1.25