Sunday, October 29, 2017

How Much Does Bitcoin Mining Cost ???

Here is a nifty statistic:

With 12.5 bitcoins being mined every 10 minutes, that means the average energy cost of one bitcoin would equate to 20 barrels of oil equivalent.

You can read the rest @
http://www.zerohedge.com/news/2017-10-28/how-many-barrels-oil-are-needed-mine-one-bitcoin

Which means you can mine a bitcoin worth $6500 for less than $1000 worth of energy?

Sounds good, but what is that doing to global warming?

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