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https://www.moneysupermarket.com/gas-and-electricity/features/crypto-energy-consumption/ https://www.moneysupermarket.com/gas-and-electricity/feature... >By fa
by bearmode 4y ago
https://www.moneysupermarket.com/gas-and-electricity/features/crypto-energy-consumption/ https://www.moneysupermarket.com/gas-and-electricity/feature...
>By far the most power-hungry crypto in our study, we found that a single Bitcoin transaction uses an average of 1,173 Kilowatt Hours (kWh). If we consider that the average monthly electricity usage for a UK household is 350 kWh, that’s enough to power the typical UK home for more than three months at a cost of roughly £125 ($173), based on a fixed cost of £0.11 ($0.148) per kWh
>In the U.S, it would equate to roughly 6 weeks of electricity based on an average household electricity usage of 877 kWh per month (U.S Energy Information Administration).
Not quite an entire year, but definitely a number of months.
Also according to digiconomist's latest figures, it's currently at around 1500kWh per transaction. So even worse.
- deleted 4y ago[deleted]
- tossl568 4y agoIndividual transactions don't use energy. The energy is used to secure the entire value of the ledger back to the very first transaction. Each layer 1 final settlement Bitcoin transaction can support potentially limitless transactions on the layer 2 lightning network. Electricity use does not equal emissions. Digiconomist works for the Dutch central bank.