ABHI.. PATENT potential to reduce...Bitcoin’s insane energy consumption ...https://arstechnica.com/tech-policy/2017/12/bitcoins-insane-energy-consumption-explained/ One estimate suggests the Bitcoin network consumes as much energy as Denmark . TIMOTHY B. LEE - 12/6/2017, 4:30 AM each Bitcoin transaction consumes 250kWh, enough to power homes for nine days.