Bitcoin's Water Usage Skyrockets, Equal to a Swimming Pool per Transaction
• Bitcoin transactions use a staggering amount of water - over 16,000 liters per transaction, equal to an entire swimming pool • Bitcoin's water consumption has risen sharply, increasing 166% from 2020 to 2021 • The global water use for Bitcoin mining reached up to 2,200 billion liters in 2021 • Most of Bitcoin's water footprint comes from powering the computers that mine tokens and cool them • Alternate systems like "proof of stake" cut energy and water use drastically compared to Bitcoin's "proof of work"