Silvia
Sun Jul 07 2024
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5 answers
772
How are bitcoin mining energy estimates calculated?
Could you elaborate on the methodology behind calculating Bitcoin mining energy estimates? I'm curious to understand the factors that contribute to these estimates and how they are quantified. Specifically, what data sources are utilized, such as mining hardware specifications, electricity costs, and network difficulty? Additionally, how do you account for variations in mining efficiency and renewable energy use among miners? Providing a detailed explanation of the calculation process would be immensely helpful.
