Bitcoin Energy Consumption

  1. Bitcoin Energy Consumption: How to Reduce Electricity Costs When Bitcoin Mining

    Bitcoin Energy Consumption: How to Reduce Electricity Costs When Bitcoin Mining

    Bitcoin mining, the practice of verifying bitcoin transactions on the blockchain using heavy duty computing technology, consumes a lot of electricity. In fact, it was reported by Fortune.com that Bitcoin energy consumption far outpaces traditional financial transactions. Each bitcoin transaction uses approximately 1,173 Kilowatt-hours (kWh) of electricity, which can equate to $100-200 depending on your […]

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