4 ms·
You can sort of ballpark the bitcoin energy usage by assuming all mined coins are sold at the current exchange rate, and used to buy electricity at a reasonable
by redcalx 10y ago
You can sort of ballpark the bitcoin energy usage by assuming all mined coins are sold at the current exchange rate, and used to buy electricity at a reasonable average for the world...
12.5 BTC every 10 mins => 12.5 / 600 per second => 0.02083.
0.02083. * $600 = $12.5 / sec
Assuming electricity cost of $0.10 per kWH...
%12.50 / 0.10 = 125 kWh / sec.
125kWH * 3.6e6 joules, per second => 450 MW
For comparison, the UK power grid runs at about 30-40GW.