Bitcoin costs the world $25 Million Daily

Stefan Mileschin · 20th January 2021, 13:50

Nothing is free

It costs $25 million Daily in electricity to process Bitcoin transactions according to Data presented by Trading Platforms.

The consumption cost is based on Bitcoin’s 30-day average transaction of 328,418 as of January 17, 2021, and the energy footprint per 1 BTC transaction confirmation of 612 kWh equivalent to $76.74.

The data also overviews annualized Bitcoin electricity consumption in TWh between October 2015 and January 2021. Under the theoretical upper bound, the consumption has grown by 7,717.85 per cent, while on the theoretical lower bound there is an increase of 10,867.4 per cent. Estimated electricity consumption has increased by about 10,201.1 per cent over the period.

https://fudzilla.com/news/52242-bitc...-million-daily

20th January 2021, 13:50	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	Bitcoin costs the world $25 Million Daily Nothing is free It costs $25 million Daily in electricity to process Bitcoin transactions according to Data presented by Trading Platforms. The consumption cost is based on Bitcoin’s 30-day average transaction of 328,418 as of January 17, 2021, and the energy footprint per 1 BTC transaction confirmation of 612 kWh equivalent to $76.74. The data also overviews annualized Bitcoin electricity consumption in TWh between October 2015 and January 2021. Under the theoretical upper bound, the consumption has grown by 7,717.85 per cent, while on the theoretical lower bound there is an increase of 10,867.4 per cent. Estimated electricity consumption has increased by about 10,201.1 per cent over the period. https://fudzilla.com/news/52242-bitc...-million-daily

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