Current estimated annual electricity consumption from Bitcoin mining - 16.3 TWh
Annual global mining revenue - $3,677,569,788
Annual estimated global mining costs - $815,187,540
Country which uses about as much electricity as the Bitcoin network - Lebanon
Estimated electricity used the previous day - 44,667,810 KWh
Implied Watts per GH/s - 0.3
Break-even Watts per GH/s (based on 5 cents per KWh) - 1.353
Electricity consumed per transaction - 172.00 KWh
Number of U.S. households that could be powered by the electricity used by Bitcoin miners - 1,509,607
Number of U.S. households which could be powered for 1 day by the electricity consumed for a single transaction - 5.8
Bitcoin’s electricity consumption compared to the world’s electricity consumption - 0.08%
I love Bitcoin, but this is pretty ridiculous... There has got to be a more environmentally friendly way to do things..
I guess for now this will just have to do...Till the next best big crypto comes along with a more sustainable mining method/algorithm.
Peace&<3
KayaMan