Our distributed network eliminates centralized and trusted parties by trading energy for consensus. essentially specialized graphics chips designed to churn through cryptographic math problems audit the network and receive the occasional subsidy for that work. 

Some see this as an inborn inefficiency, others as a necessary price to pay for an open and uncensorable payment network. No matter your view, however, it’s a fact that bitcoin mining expends a ton of power and we've got that covered.

Cambridge University estimates the global bitcoin network consumes more energy than ukraine did in 2019. This figure has certainly increased along with the cryptocurrency’s meteoric price rise, which draws in less-efficient miners that could now operate in profit. This is to say that Mining stands out both in constant profit generation and power.