How much electricity do you spend mining bitcoins? | Endesa

HydroMiner

Bitcoin mining with hydro power. Using hydro power stations in the Alps region, we reach one of the lowest prices per kilo Watt in Europe. In fact, our cost of electricity is currently 85% lower than the average in Europe.
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Bitcoin costs 8 billion dollars per year in electricity

According to Google, the average price a residential customer in the United States pays for electricity is 13.31 cents per kWh. According to Forbes Bitcoin uses an estimated 61.76 terawatt-hours (TWh) of electricity per year. Multiply that together and you get 8.220256 billion U.S. dollars per year. I wonder how much that makes per transaction.
submitted by isomunakas to Buttcoin [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by maxwellhill to science [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

submitted by maxwellhill to worldnews [link] [comments]

Do you think most miners are still profitable after the recent price drops? Data from TokenInsight shows that some efficient miners incur an electricity cost of $1,400 per bitcoin mined.

Do you think most miners are still profitable after the recent price drops? Data from TokenInsight shows that some efficient miners incur an electricity cost of $1,400 per bitcoin mined. submitted by johnleequigley1 to BitcoinMining [link] [comments]

Would a Bitcoin miner cost me more per month in electricity than a space heater?

submitted by Iseethetrain to NoStupidQuestions [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by maxwellhill to Futurology [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by BrodieDigg to Silverbugs [link] [comments]

08-05 11:13 - 'f2pool, said in a Weibo post: “With an electricity cost of 0.26 yuan [$0.037] per kWh, miners like L3+ can pretty much just shut down tonight.” Litecoin +13% In last 24 hours.' (otcfinance.net) by /u/ICO_CONSULTING removed from /r/Bitcoin within 18-28min

f2pool, said in a Weibo post: “With an electricity cost of 0.26 yuan [$0.037] per kWh, miners like L3+ can pretty much just shut down tonight.” Litecoin +13% In last 24 hours.
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Author: ICO_CONSULTING
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Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by maxwellhill to energy [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals • r/science . Calling all cryptobros to defend this worthless shit

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Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by sirboozebum to neoliberal [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

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Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by nbhatt_10 to u/nbhatt_10 [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by Kunphen to EcoNewsNetwork [link] [comments]

Bitcoin mentioned around Reddit: Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals /r/science

Bitcoin mentioned around Reddit: Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals /science submitted by cryptoallbot to cryptoall [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by Kunphen to Astuff [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

This is the best tl;dr I could make, original reduced by 57%. (I'm a bot)
The amount of energy required to "Mine" one dollar's worth of bitcoin is more than twice that required to mine the same value of copper, gold or platinum, according to a new paper, suggesting that the virtual work that underpins bitcoin, ethereum and similar projects is more similar to real mining than anyone intended.
One dollar's worth of bitcoin takes about 17 megajoules of energy to mine, according to researchers from the Oak Ridge Institute in Cincinnati, Ohio, compared with four, five and seven megajoules for copper, gold and platinum.
All the cryptocurrencies examined come off well compared with aluminium, which takes an astonishing 122MJ to mine one dollar's worth of ore.
The new paper is the first to look at the mining efforts from the point of view of energy cost per dollar benefit.
"The comparison is made to quantify and contextualise the decentralised energy demand that the mining of these cryptocurrencies requires," the authors write, "And to encourage debate on whether these energy demands are both sustainable and appropriate given the product that results from relatively similar energy consumption."
To account for the wild fluctuations in cryptocurrency price, and therefore effort expended by miners, the researchers used a median of all the values between 1 January 2016 and 30 June 2018, and attempted to account for the geographic dispersal of bitcoin miners.
Summary Source | FAQ | Feedback | Top keywords: Mine#1 energy#2 cryptocurrency#3 bitcoin#4 dollar#5
Post found in /science, /worldnews, /AutoNewspaper, /fbitcoin and /GUARDIANauto.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
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Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals - r/science

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals - science submitted by mappersdelight to Linky_links [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals - November 05, 2018 at 08:51PM

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals - November 05, 2018 at 08:51PM submitted by JTTBot to JustTheTopNews [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by unremovable to unremovable [link] [comments]

/u/rupertbayern responds to: Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals [+31]

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Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by unremovable to unremovable [link] [comments]

KLARIFIKASI SITUS MINING BITCOIN MINING ZONE ..!! free mining2020  uang gratis 2020 How Much Energy Does Bitcoin Really Use - D-Central is mining city legit or scam? Review mining city bitcoin vault How To Make Money By Mining Bitcoin Electric Power (3 of 3) Calculating the Cost of Electric Power

To give you a specific figure, if you were on the regulated market and taking as a reference the average price of electricity at the time of writing this post (0.11485 kWh), you’d spend 4.25 euros per week mining bitcoins. In order for this task to pay off, you have to earn more. Today the price for a single Bitcoin is hovering just below $12,000. But the price of Bitcoin isn’t the only thing skyrocketing. So is the cost of Bitcoin’s electricity bill. Every Bitcoin Bitcoin's current estimated annual electricity consumption* (TWh) Country closest to Bitcoin in terms of electricity consumption Estimated electricity used over the previous day (KWh) Total Network Hashrate in PH/s (1,000,000 GH/s) Electricity consumed per transaction (KWh) Number of U.S. households that could be powered by Bitcoin Number of U Since electricity costs are a major component of the ongoing costs, it follows that the total electricity consumption of the Bitcoin network must be related to miner income as well. To put it simply, the higher mining revenues, the more energy-hungry machines can be supported. The Cost of Mining Bitcoin. As of the Summer of 2018, in Venezuela, because the electricity is so expensive, it only cost about $531 to mine one Bitcoin. But in South Korea, you’re going to have to shell out over $26,000 to get yourself one Bitcoin. Keep in mind that as of September 21, 2018, one Bitcoin is only worth $6,786.

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KLARIFIKASI SITUS MINING BITCOIN MINING ZONE ..!! free mining2020 uang gratis 2020

Different video style, may be doing stuff like this occasionally enjoy it pls. This video shows you how to calculate the cost of electric power usage by calculating the cost to pop popcorn. Electric power describes how fast electric potential energy is convert to other forms ... The cost of electricity would be = (0.0475 x 2,520 x 24) = $ 2.87 / day So Daily Digging Profit = Revenue - Costs = $ 32.1 - $ 2.87 = $ 29.23 = 0.211 BTCV / day Electricity Cost - $120 Per month. Profit per month after electricity cost $1230 ROA in less than 6 months. Forum Post - https://goo.gl/ZL7ED2 ... Inside a Bitcoin mine that earns $70K a day - Duration: 5:09. Digital Trends 1,107,536 views. 5:09. The BEST GPU & CPU Mining Rig Build Guide 2019 ... - Electricity cost 3. The profits of mining bitcoin - In 2015, some bitcoin farms got up to 100 bitcoins per day: but their electricity bill was around 80k per month