What a rip-off! "10,000 mining machines consume 45 million kWh of electricity a month" is trending, and Bitcoin is questioned again by Xinhua News Agency

Affected by the negative impact of energy consumption issues, Bitcoin fell below $35,000 in the early hours of Saturday morning, reaching a low of $34,826, with a daily high of more than $4,000. As of press time, Bitcoin was trading at $35,840.

When the nest is overturned, how can the eggs remain intact? Bitcoin bulls have been slaughtered again. According to data from Bitcoin Home Network, more than 140,000 people have had their positions liquidated in the past 24 hours, with losses reaching 5.2 billion yuan.

In May, due to Tesla founder Musk's criticism of Bitcoin's impact on energy and the possibility of stricter regulation, Bitcoin has fallen by more than 30% so far in May, ranking among the top monthly declines in history. On the evening of the 28th, the energy consumption issue of Bitcoin mining once again sparked heated discussions, and "10,000 mining machines consume 45 million degrees of electricity in a month" was once a hot search on Weibo.

Xinhua News Agency once again paid attention to Bitcoin. One company interviewed owned about 10,000 "mining machines". In the first four months of this year, it paid only 90,000 yuan in taxes, but its average monthly electricity consumption was as high as 45 million kWh, which is equivalent to about 15,000 tons of standard coal.