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3yrs ago Hedge Fund hedgeweek Views: 340

Global bitcoin transaction processing costs USD25m per day in electricity

Submitted 20/01/2021 - 10:09am

New data released by Trading Platforms indicates that it costs USDF25.2 million per day in electricity to process bitcoin transactions. The consumption cost is based on bitcoin’s 30-day average transaction of 328,418 as of 17 January, 2021, and the energy footprint per 1 BTC transaction confirmation of 612 kWh equivalent to USD76.74.

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Author Profile Tags Cryptocurrency Bitcoin Trading & Execution

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