wholesale jewelry suppliers in atlanta Why is the power consumption of bitcoin mining?

wholesale jewelry diamond pendants Speaking of Bitcoin, we believe everyone is familiar with it. Although this currency is a virtual currency, it is undeniable that its purchasing power is indeed very strong. Maybe many friends know that Bitcoin is excavated from the Internet, and is now trying to dig. Bitcoin consumes a lot of electricity.
Recently, environmentalists have collected online use information from Bitcoin from different countries on the Internet. Statistics show that Bitcoin exceeds the annual usage of more than 180 countries around the world. Bitcoin has always occupied the headlines of the main news media. The media only paid attention to soaring prices, but suddenly it suddenly polluted the environment. Bitcoin is different from traditional currencies and is not issued by the government or banks. It is mainly stored on the Internet. About 3,600 new bitcoins are generated every day, which is called excavation. Mining machines get Bitcoin rewards by running a special computing program. There are a large number of Bitcoin mining around the world day and night, which will lead to huge energy consumption. With the increasing popularity of Bitcoin, more and more machines are used for mining, and various machines have also participated in mining.
In the estimation of digital economists, it takes a long time to use computer mining Bitcoin and consume a lot of electricity. Within a year, the electricity consumed by mining will exceed the United States. According to data, the annual energy consumption of mining exceeds most countries, equivalent to Bulgaria. It is predicted that by 2019, Bitcoin mining will consume the same power as the United States. If it continues to grow at the same speed, by 2020, it will be equal to global power consumption.
On May 25, 2018, the global Bitcoin mining cost was 188 million kilowatt -hours, which is equivalent to 68.81 billion kilowatt -hours of power per year. It is 115 times the power consumption in May 2017 (11.57 billion kWh) Essence The global consumption of Bitcoin mineral resources is equivalent to the energy consumption of the Czech countries, accounting for 0.31%of global power consumption. On average, each Bitcoin transaction consumes 968 kWh, which is equivalent to the 32 -day family consumption of a 32 -day family in the United States.

regal wholesale jewelry inc Speaking of Bitcoin, I believe everyone is no stranger. Although this currency is virtual, it is undeniable that its purchasing power is indeed very strong. Maybe many friends know that Bitcoin is dug out from the Internet, and now he wants to dig out. A Bitcoin is very power -consuming. So, how much electricity does it take to dig a Bitcoin?

Recently, some environmentalists have collected the annual electricity information of Bitcoin in various countries online. The statistical results show that Bitcoin exceeds the annual usage of more than 180 countries around the world. Bitcoin has always occupied the headlines of major news media. The media only cares about its price soaring, but suddenly it suddenly has its pollution to the environment.
Bitcoin is different from traditional currencies. It is not issued by the government or bank, mainly stored on the Internet. About 3,600 new bitcoins are generated every day. This process is called mining. The mining machine gets Bitcoin rewards by running a special computing program. There are a large number of Bitcoin excavation around the world, and it will bring huge power consumption. As Bitcoin's popularity is getting larger and larger, more and more machines are used for mining, and various machines are involved in mining.
So how much electricity does it take to dig a bitcoin?
Inned estimates, it is concluded that it consumes a lot of electricity with a computer to dig Bitcoin. It won't take long for it, and the electricity consumed by mining will exceed the US power consumption. The data believes that the power consumption of mining every year has exceeded the power consumption of most countries, which is about the same as the power consumption in Bulgaria. It is predicted that by 2019, the power consumed by Bitcoin mining will catch up with the United States. If the same speed will continue to grow, it will be the same as the global electricity consumption in 2020.
On May 25, 2018, the global Bitcoin mining consumed 188 million kilowatt -hours, which was equivalent to 68.81 billion kWh, which was 6 times the power consumption level (11.57 billion kWh) in May 2017. The total power consumption of global Bitcoin mining is equivalent to the power consumption of a country in the Czech Republic, accounting for 0.31%of global power consumption. The average of 968 kWh of power consumption of each bitcoin transaction is equivalent to the one -day electricity consumption of 32 families in the United States.
. However, mining is consuming power, and Bitcoin transactions are also very power consumption. Some blockchain experts warn that "because the Bitcoin network only handle 200,000 transactions per day, this means that the average electricity of each transaction is the average electricity of each transaction. The consumption is at least 300 kWh. As Bitcoin's popularity becomes larger and larger, each transaction may exceed 900 kWh by the end of 2018 ". Is it terrible

hawaiian jewelry wholesale bulk It is mainly that the efficiency and output of Bitcoin mining are relatively high. If the output is high, the power consumption is also very large.