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by jmyeet
1501 days ago
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But at what cost? This [1] estimates the annual Bitcoin energy consumption at 145TWh. If the Bitcoin network were a country it would rank 25 in the world by energy consumption [2]. The cost of that electricity is hard to estimate but if you use a ballpark of $0.10/kWh that puts the cost of the Bitcoin network at almost $15 billion annually just for the electricity. [1]: https://ccaf.io/cbeci/index [2]: https://en.wikipedia.org/wiki/List_of_countries_by_electrici... |
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