What is the power consumption of the bitcoin

At this point mining bitcoins requires a large number of attachments and a very specific equipment. For most it will be easier to buy the currency on the exchange, but this does not mean that mining has slowed down. For the production of this currency is more and more capacity. And what it takes to make electricity?

It is expected that by the end of 2018 the global network of bitcoin will use 7.67 gigawatts of electricity for cooling and hardware. It is one-hundredth of the electricity used by the entire planet.

According to the study, which can be criticized for a lack of precision and the use of averaged data, the bitcoin network currently uses as much electricity as is consumed Ireland (3.1 gigawatts). Future consumption may rise to the level of Australia (8,2 GW).

Of course, this does not mean that it is time to abandon the cryptocurrencies that are widely recognized as a turning point in our history. But look how much influence they have on our world. If cryptocurrencies will be the future of money, we have to take care about the ecology of the future, because soon the currency will be used as much energy as it does not consume no developed industrial nation.

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