Cryptocurrency Q&A
How many kilowatt hours does a bitcoin transaction take?
How many kilowatt hours does a bitcoin transaction take?
Enrico
Wed Jul 17 2024
|
5 answers
1105
I'm curious to understand the energy efficiency of Bitcoin transactions. Could you please elaborate on the estimated energy consumption involved in a single bitcoin transaction? Specifically, how many kilowatt hours does it typically require to complete a bitcoin transaction? I'm interested in gaining a clearer understanding of the environmental impact of this digital currency and how it compares to traditional financial transactions. Your insights would be greatly appreciated.
5 answers
Daniele
Fri Jul 19 2024
In mid-July, the energy consumption for a single bitcoin transaction stood at a significant 1719.51 kilowatt hours (kWh).
Was this helpful?
158
64
CherryBlossomPetal
Fri Jul 19 2024
This kWh represents the amount of energy a 1,000-watt appliance utilizes over an hour, highlighting the immense energy demands of bitcoin transactions.
Was this helpful?
140
24
SakuraBloom
Fri Jul 19 2024
The comparison to an average U.S. household's power consumption is striking, with a single bitcoin transaction equivalent to approximately 59 days' worth of energy use.
Was this helpful?
281
39
isabella_doe_socialworker
Fri Jul 19 2024
On a daily basis, a staggering 240,000 bitcoin transactions are processed across the network.
Was this helpful?
334
28
Maria
Thu Jul 18 2024
This high volume of transactions not only demonstrates the popularity and widespread usage of bitcoin but also underscores the significant environmental impact associated with its operations.
Was this helpful?
192
51
