In recent months, numerous media outlets have claimed that the power used to conduct a single bitcoin transaction is the equivalent of that required to power an American home for over a week. The exact energy output that each bitcoin transaction consumes is unknowable, due to the varying efficiency of the hardware employed by miners. […]
The post ”Ludicrous” – Analysts Debate How Much Power Is Consumed per Bitcoin Transaction appeared first on Bitcoin News.
In recent months, numerous media outlets have claimed that the power used to conduct a single bitcoin transaction is the equivalent of that required to power an American home for over a week. The exact energy output that each bitcoin transaction consumes is unknowable, due to the varying efficiency of the hardware employed by miners. Despite such, several analysts have attempted to estimate the power consumption required to process bitcoin transactions.
Also Read: Russia Has Found Best Location for Crypto Miners