3 ms·
Most bitcoins were mined into existence when bitcoin was much cheaper than it is today, and thus the energy spent mining was much smaller. Transaction cost is
by throwaway4good 6y ago
Most bitcoins were mined into existence when bitcoin was much cheaper than it is today, and thus the energy spent mining was much smaller.
Transaction cost is probably about 100-200 kilowatt hours.
- throwaway4good 6y agoSorry my transaction cost in kwh is apparantly off by a factor of 5. Sorry. Another fun calculation. How many instructions can a modern piece of computing hardware do on 750 kilowatt hours? Just an indication of what an incredible beast bitcoin is.