Cryptocurrency Q&A
Does mining cost a lot of electricity?
Does mining cost a lot of electricity?
Margherita
Wed Dec 18 2024
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6 answers
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I'm wondering about the electricity consumption of mining activities. Specifically, I want to know if mining, like that for cryptocurrencies, typically requires a significant amount of electricity.
6 answers
MysticInfinity
Thu Dec 19 2024
The figure is also very close to Vietnam's power consumption.
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BlockchainVisionary
Thu Dec 19 2024
The Cambridge University Center for Alternative Finance has conducted research on the power consumption of global Bitcoin mining.
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Carlo
Thu Dec 19 2024
Vietnam ranks 25th in global power consumption.
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BusanBeauty
Thu Dec 19 2024
As of May 10, 2021, the annual power consumption of Bitcoin mining worldwide is estimated to be around 149.37 terawatt hours.
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Riccardo
Thu Dec 19 2024
To put this into perspective, 1 terawatt hour is equivalent to 1 billion kWh.
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