The 'price of electricity to mine a bitcoin' is clickbait. There is no fixed price as it's 100% market/demand driven. The way bitcoin works is that the difficul

The 'price of electricity to mine a bitcoin' is clickbait. There is no fixed price as it's 100% market/demand driven. The way bitcoin works is that the difficulty of the algorithm automatically adjusts to the rate at which they are being solved so that a block is able to be mined, on average, in about 10 minutes. What this means is if there was a world where only one person was mining bitcoin using a single hand crank and a laptop for energy, it'd still take exactly as long as a world where there were trillions of people mining bitcoin using nuclear powered supercomputing complexes. So the amount of electricity required to produce one coin on average is 100% a reflection of demand. The more demand there is for bitcoin (and the more miners), the more it costs to mine a BTC. It's quite a brilliant design since it scales endlessly with no change necessary to the underlying system. For instance imagine a bunch of people started spending $3600 of electric/compute time mining coins. Suddenly the increased number of people mining would mean that that level of compute would generate fewer coins - and so the necessary compute to produce a coin would naturally grow. By contrast, imagine the price of BTC went down and thus there was a decline in incentive and number of people mining it. Suddenly the price of electric required to produce one coin would also go down. There are also some technical issues with things like the 'price of electricity to mine a BTC' such as the fact that the electric consumption per hash generated is going to vary quite dramatically depending on whether somebody is using a CPU, GPU, dedicated ASIC system, etc and then the specifics within those broad categories. The old saying likely holds here: there are lies, damned lies, and statistics. People stating statistics like this are mostly just pushing an agenda. I do not mean the grandparent comment here. I mean the source he read it from. There are so many uncountable variables that just giving a number is completely meaningless, and highly misleading.