The average Bitcoin transaction and the energy it uses by theblockchain

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bitcoin · @theblockchain · Jul 10 '17

$0.02

The average Bitcoin transaction and the energy it uses

![pilon.jpg](https://steemitimages.com/DQmYS3yCJEzaDSsNYmvBy6BFkUiqGX4eHvmud4R9CyPRyJ4/pilon.jpg)
I've just read the article linked below and it has blown me away with the details on how much energy is consumed when a Bitcoin transaction takes place.

"the average Bitcoin transaction requires 163-kilowatt hours (KWh) of electricity, which is enough to power the average U.S. household for about five and a half days.

Whilst some of this electricity will be from a renewable source somewhere along the line, Bitcoin might not be the coin of choice for your environmentalist.  I'm no tree hugger, but I would like to at least try and keep out planet in reasonable shape.

The full article can be found below.
https://hothardware.com/news/ethereum-and-bitcoin-energy-consumption-surpass-entire-countries-power-budgets

If you like, feel free to follow, resteem and upvote.

Thanks for reading.

👍 bola, theblockchain, malice911, domenus, arcturian

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@arcturian · Jul 10 '17

Since it's profitable, people will continue to do it this way.

I feel like there a  great market for inexpensive solar panels. If people can affor solar panels, while not reducing their income, problem will be solved.

👍 theblockchain

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@theblockchain · Jul 10 '17

Solar power would help.  It's mad to think you can charge a Tesla on less electricity than it takes for the average Bitcoin transaction.

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@wekkel · Jul 10 '17

The metric is a bit skewed. Bitcoin would also function on a few CPUs hashing it all out (on low difficulty of course).

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@theblockchain · Jul 10 '17

Maybe a little skewed, but I guess the reality of today's mining race.  You got to love the crypto world and all the craziness that surrounds it.

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