Fomo21 It’s About Sending A Message Bitcoin Shirt, hoodie, tank top, sweater and along sleeve t-shirt
Bitcoin price falling below 24,000 USD is considered good news for the global environment as many people will stop or reduce cryptocurrency mining. Last year, when the Bitcoin price spiked and peaked at $69,000 in November, the annual electricity consumption of the network of "miners" was estimated at 180-200 terawatt-hours (TWh). This is also the equivalent consumption of all data centers in the world every year. Research shows that if Bitcoin stays at $24,000 Fomo21 It’s About Sending A Message Bitcoin Shirt, the global electricity consumption for cryptocurrency mining will drop to 170 Twh annually. The difference compared to when the price was at the peak of 69,000 USD is equivalent to the amount of electricity the whole of Ireland uses annually. Bitcoin is currently the largest cryptocurrency by market capitalization. Its fluctuations greatly affect the global environment.
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