Report: US household energy that is idle every year can power Bitcoin network for 4 years

Academic researchers at the University of Cambridge released a real-time index on Tuesday to track the total electricity consumption of the Bitcoin network. Studies have shown that in the United States alone, the amount of electricity that is wasted every year because of the open but inactive household equipment can clearly provide four years of power to the Bitcoin network. Another data shows that the Bitcoin network can consume 11 years of electricity for all water-burning teapots in the UK and 1.5 years of electricity in Europe (including the UK).