Business

How much energy does Bitcoin actually consume?

According to the Cambridge Center for Alternative Finance, Bitcoin currently consumes around 110 terawatt-hours per year, accounting for 0.55 per cent of global electricity production and roughly equivalent to the annual energy draw of small countries like Malaysia or Sweden. This sounds like a lot of energy. But how much energy should a monetary system […]

Business

Covid 19 coronavirus: How much the lockdown could cost New Zealand

The re-emergence of lockdown measures could sap over $150 million out of the economy – and an Auckland business leader says firms need to know the Government will look after them. Based on cost estimates developed by ASB during the previous lockdown, having Auckland at alert level 3 and the rest of the country at […]