Cryptocurrency Q&A
Why does Bitcoin consume electricity?
Why does Bitcoin consume electricity?
SamuraiWarriorSoulful
Sat Dec 21 2024
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6 answers
1484
I'm curious about the electricity consumption of Bitcoin. Why does it require so much power? I want to understand the reasons behind the significant energy usage associated with Bitcoin.
6 answers
Michele
Mon Dec 23 2024
According to researchers at the University of Cambridge, the annual electricity consumption of Bitcoin mining is approximately 121.36 trillion kilowatt-hours (TWh).
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Valentina
Mon Dec 23 2024
This staggering amount of energy underscores the environmental impact of Bitcoin mining.
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CryptoAce
Mon Dec 23 2024
Bitcoin mining is a process that involves intricate computer calculations and transaction authentication.
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Leonardo
Mon Dec 23 2024
The high energy consumption is attributed to the large-scale computational power needed to solve complex mathematical problems.
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Alessandro
Mon Dec 23 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet solutions for cryptocurrency enthusiasts.
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