2 ms·
It follows the price, so as long as either Bitcoin increases in price or electricity decreases in cost, the amount of electricity consumed should increase. Acco
by cesarb 9y ago
It 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.