2024

Bitcoin

According to a recent study, the energy required to mine one Bitcoin in 2024 is equivalent to the annual <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/" rel="noopener noreferrer nofollow">electricity</a> consumption of approximately 61 U.S. households. This highlights the significant energy intensity of the cryptocurrency mining process.
Such a level of energy consumption raises concerns about the environmental sustainability of the <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">mining industry</a>. Experts are calling for the adoption of more energy-efficient technologies and a shift towards renewable energy sources to reduce the carbon footprint.
This information underscores the need to balance the growth of cryptocurrencies with environmental preservation.

Mining One Bitcoin Consumes Enough Energy to Power 61 U.S. Homes for a Year

Ultramining_Eng

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