Do Bitcoin Mining Energy Costs Influence Its Price, Investopedia

Do Bitcoin Mining Energy Costs Influence Its Price, Investopedia

Several latest reports have drawn attention to the massive amounts of energy used for bitcoin mining operations. The statistics are staggering. According to the Digiconomist webstek, a bitcoin country would rank 64th te the world for overall energy usage.

Bitcoin’s annual energy consumption is estimated to be 30 TWh. (Wikipedia defines one terawatt hour spil being equal to a sustained power of 114 megawatts for a period of one year). Read More