Topic: How much electricity does bitcoin need? - page 7. (Read 813 times)
basically if you need to use crypto currency then you need electricity for mining based on this it cost too high that’s why many people can’t do this bases on this many developers are thinking and working about it so the price of electricity may low .
Bitcoin electricity consumption is not easy to calculate. 80% of consumption of the whole country electrical power won't be true. Bitcoin generation consumes power but not to that extent.
I think this process is somewhat complicated
And must be specialists in the field of electricity
And the field of bitcoin that they hold sessions to reach a solution to this problematic
And must be specialists in the field of electricity
And the field of bitcoin that they hold sessions to reach a solution to this problematic
In the mean time the mamain airport of The Netherlands has installed the ATM for bitcoin. People are making transactions through bitcoin and ethereum for journey purposes. This have made their transactions very easier.
Though bitcoin mining requires energy but I really don't think this expense can be so much like 80% of the total energy. It costs much electricity but that doesn't mean it will be such big amount.
In theory it's possible if it really took over the world in some form. 80% is probably pretty unrealistic though unless everything else became super low energy(which probably won't happen).
Though bitcoin mining requires energy but I really don't think this expense can be so much like 80% of the total energy. It costs much electricity but that doesn't mean it will be such big amount.
It depends on how you do it, you need to do everything with your head and study it. What they want to block, of course, is not correct.
The statistics of the International Energy Agency do not use megawatts or gigawatts, but use MTEE (one million tons of oil equivalent). One TNE is 11.63 MW-h. The total energy consumption in the world in 2017 is estimated by them at 13,647 Mtoe or 158,714,610 GWh.
Who owns the reliable information that the network bitcoin uses more than 80% of the countries separately electricity. Bitcoin also multiplied by several times the amount of energy consumed in the last year. Is this really true, who will say? So there are thoughts that bitcoin in a couple of years will be a threat to the energy situation on the planet?
80%? Where did you see that? Almost all of the Bitcoin mining is done in China, and there's no way it's even remotely close to 80%.
Big mines do use a lot of power though. That's why some of them set up shop next to hydroelectric power stations and such.
yeah, bitcoin need a great amount of electricity!
but it will not become a threat because companies will develop more efficient miner and energy company will start to sell renewable energy to consumers!
that's why I think Bitcoin is not a threat!
but it will not become a threat because companies will develop more efficient miner and energy company will start to sell renewable energy to consumers!
that's why I think Bitcoin is not a threat!
We can estimate the energy consumption, based on the complexity of bitcoin. Complexity is the value calculated by the protocol and attached to each block. Complexity measures the average number of hashes left by the miner to search for one real block.
I think that to calculate how much the entire network uses bitcoin and compare with the amount of energy that a particular country uses can only be done with special skills in the field of electricity
We can estimate the energy consumption, based on the complexity of bitcoin. Complexity is the value calculated by the protocol and attached to each block. Complexity measures the average number of hashes left by the miner to search for one real block.
Who owns the reliable information that the network bitcoin uses more than 80% of the countries separately electricity. Bitcoin also multiplied by several times the amount of energy consumed in the last year. Is this really true, who will say? So there are thoughts that bitcoin in a couple of years will be a threat to the energy situation on the planet?
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