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The Cost of Mining Bitcoin in Different Countries
It takes an estimated 1,449 kilowatt hours (kWh) of energy to mine a single bitcoin. That’s the same amount of energy an average U.S. household consumes in approximately 13 years.
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Bitcoin Uses More Electricity Than Many Countries. How Is That Possible?
Cryptocurrencies have emerged as one of the most captivating, yet head-scratching, investments in the world.
Structurally, this study follows a similar approach to the CBECI by introducing hypothetical lower and upper bounds that form the range of estimated GHG emissions.