According to Investopedia according to Investopedia when this post was published,, the amount was 18.77 million Bitcoins have been extracted across the world. This is a huge quantity of Bitcoins and, along with it, more power. In actuality, Bitcoin mining uses around 91 trillion watts of power per year. This is more than a third the energy used to cool homes throughout in the U.S. annually.

It shouldn't be an unsurprising fact that Bitcoin mining has negative environmental impacts. Indeed, Elon Musk himself has made the announcement through Twitter: "We are concerned regarding the growing use of fossil fuels for Bitcoin mining". Since the announcement, many have wondered whether solar-powered Bitcoin mining is a better alternative to conventional mining that relies upon grid energy to produce electricity.

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