Cryptocurrency Q&A
Does mining cost electricity?
Does mining cost electricity?
Isabella
Sat Dec 21 2024
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7 answers
1257
I'm curious about mining and its impact on electricity consumption. Specifically, I want to know if mining activities require electricity and how much they might cost in terms of power usage.
7 answers
DigitalTreasureHunter
Mon Dec 23 2024
To put this into perspective, 1 terawatt hour is equivalent to 1 billion kilowatt-hours.
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Carolina
Mon Dec 23 2024
The study shows that the power consumption of Bitcoin mining has surpassed that of several countries.
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CharmedClouds
Mon Dec 23 2024
A recent study conducted by the Center for Alternative Finance Research at the University of Cambridge has revealed some fascinating insights into Bitcoin mining.
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BonsaiGrace
Mon Dec 23 2024
Specifically, it has exceeded the power consumption of Malaysia, Ukraine, and Sweden.
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KimonoElegantGlitter
Mon Dec 23 2024
As of May 10, 2021, the annual power consumption of global Bitcoin mining is estimated to be approximately 149.37 terawatt hours.
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