Bitcoin

Studies indicate that mining one Bitcoin requires approximately 110,000 kWh of <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/" rel="noopener noreferrer nofollow">electricity</a>. At current global <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/" rel="noopener noreferrer nofollow">electricity prices</a>, this equates to expenses of $46,291.
However, the cost of mining varies by region. For instance, in Ukraine, due to lower electricity rates, the cost of mining one Bitcoin is $12,540.
Such high energy demands raise concerns about the environmental impact of mining. Experts are calling for the adoption of more energy-efficient technologies and the use of renewable energy sources.

Mining One Bitcoin Requires 110,000 kWh of Electricity

Ultramining_Eng

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