Utilizing electricity-per-kilowatt value knowledge from the World Financial institution, US Power Info Administration and Cable.co.uk, mineral processing group 911metallurgist estimated how a lot it might value to mine a single bitcoin around the globe, and within the US — and should you’d flip a revenue doing so. This is what they discovered.
Key Takeaways:
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One bitcoin takes an estimated 1,449 kilowatt hours (kWh) of vitality, which in context is similar quantity of vitality one US family consumes over 13 years. In North America, the typical value of 1 kWh is 21 cents.
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The price of mining one bitcoin will seemingly value you greater than $5,000 everywhere in the world, besides in Kuwait, Algeria and Sudan.
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Mining bitcoin in Venezuela, Solomon Islands and Antigua and Barbuda is essentially the most financially irresponsible factor you are able to do and will set you again over $69,000 in losses after factoring in electrical energy prices.
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By way of Visual Capitalist and 911metallurgist.
