Bitcoin mining devastated this New York town (2022)

  • >Each Bitcoin transaction consumes 1,173 kilowatt-hours

    Seems like a bitcoin hit piece. The average cost to transfer bitcoin did spike to a 30USD recently but that's a lot less than the cost 1173kw hours of energy.

    There are cheaper and more efficient proof-of-work cryptos out there but it doesn't mean we need to mispresent the energy impact and cost of bitcoin mining and transactions.