3 ms·
Technically it doesn't need to increase at all, it can decrease even.
by bufferoverflow 9y ago
Technically it doesn't need to increase at all, it can decrease even.
- cesarb 9y agoIt follows the price, so as long as either Bitcoin increases in price or electricity decreases in cost, the amount of electricity consumed should increase. According to https://fork.lol/reward/blocks https://fork.lol/reward/blocks the average reward per block is at the moment around USD 100k, so Bitcoin miners should consume on average 100k USD of electricity every 10 minutes. Sadly, I expect the demand for Bitcoin (and consequently its price) to increase once the Lightning Network gets ready for use by average people.