How Much Electricity Does Bitcoin Mining Use? BTC Wires

HydroMiner

Bitcoin mining with hydro power. Using hydro power stations in the Alps region, we reach one of the lowest prices per kilo Watt in Europe. In fact, our cost of electricity is currently 85% lower than the average in Europe.
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Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by maxwellhill to science [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

submitted by maxwellhill to worldnews [link] [comments]

@cz_binance: Mining costs electricity, but not fees. #Bitcoin https://t.co/H97iToR2hJ

@cz_binance: Mining costs electricity, but not fees. #Bitcoin https://t.co/H97iToR2hJ submitted by rulesforrebels to BinanceTrading [link] [comments]

Bitcoin mining with insanely low Electricity cost? (0.036 dollars)

I know bitcoin mining kinda sucks right now, but I just realized the electricity prices here are insanely low. I calculated 899 dollars profit a year with the Antminer s9 (it costs 456), is it worth it?
submitted by BlueSpottedDickhead to BitcoinMining [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by maxwellhill to Futurology [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by BrodieDigg to Silverbugs [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by maxwellhill to energy [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals • r/science . Calling all cryptobros to defend this worthless shit

submitted by thisgoeshere to circlebroke2 [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by sirboozebum to neoliberal [link] [comments]

Bitcoin Mining Electricity Cost Eliminating Miners

Bitcoin Mining Electricity Cost Eliminating Miners submitted by Reclusiarh to BitcoinMining [link] [comments]

China's flood season is coming soon with ultra-low electricity cost, is it the best time to invest bitcoin mining?

I found several cloud mining platforms based on China, like oxbtc.com, bitdeer.com is going to release their new contracts with lower electricity fee. Lower electricity means higher mining profit.
By the way, China's government is trying to controlling Bitcoin mining, not a ban.
submitted by enhfsindkgd to BitcoinMining [link] [comments]

Bitcoin Mining Electricity Cost Eliminates Miners

Bitcoin Mining Electricity Cost Eliminates Miners submitted by XtraBYtesOfficial to XtraBYtes [link] [comments]

China's flood season is coming soon with ultra-low electricity cost, is it the best time to invest bitcoin mining? /r/BitcoinMining

China's flood season is coming soon with ultra-low electricity cost, is it the best time to invest bitcoin mining? /BitcoinMining submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Mining Electricity Cost Eliminating Miners

Bitcoin Mining Electricity Cost Eliminating Miners submitted by Reclusiarh to CryptoCurrency [link] [comments]

03-19 17:35 - 'Yes that’s right inefficient miners or miners who’s mining rigs are no longer economical and have to sell because mining a block costs more in electric an Labour than they make. / Efficient miners ummm there are none w...' by /u/CreepyCranfield10 removed from /r/Bitcoin within 4-14min

'''
Yes that’s right inefficient miners or miners who’s mining rigs are no longer economical and have to sell because mining a block costs more in electric an Labour than they make.
Efficient miners ummm there are none when prices are under the costs of mining a block whether that’s a larger pool like f2pool or not if prices don’t rise they’ll eventually be in a state of Bankruptcy.
So basically along comes Tether or a whale or two who puts them back into mining profit, it’s a scam.
'''
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Go1dfish undelete link
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Author: CreepyCranfield10
submitted by removalbot to removalbot [link] [comments]

[Request] When will bitcoin mining cost more for the electricity required to do the mining than the bitcoin is worth?

Apparently bitcoin mining already uses an enormous portion of the world's electricity production (something like 1%) -- and may have implications for climate change. My understanding is that bitcoins become progressively harder to mine over time. Please use whatever presumptions seem reasonable, such as the value of bitcoin and the price of electricity remaining stable (or not, if you believe another presumption is reasonable).
submitted by meltingintoice to theydidthemath [link] [comments]

Bitcoin Mining Electricity Cost Eliminating Miners

Bitcoin Mining Electricity Cost Eliminating Miners submitted by DCC_Official to altcoin_news [link] [comments]

Estimated Electricity Cost Of Mining One Bitcoin By Country [OC]

Estimated Electricity Cost Of Mining One Bitcoin By Country [OC] submitted by beavershaw to dataisbeautiful [link] [comments]

Negative electricity cost is real, how can bitcoin mining take advantage?

Negative electricity cost is real, how can bitcoin mining take advantage? submitted by Spats_McGee to Bitcoin [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by worldnewsbot to theworldnews [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by Kunphen to Astuff [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by nbhatt_10 to u/nbhatt_10 [link] [comments]

Hacknalysis: How to Mine $14.5 million of Bitcoin without Paying for Electricity L3 litecoin mining from home... December 2017 electricity cost Bitcoin - What Is The Cost Of Mining? Daily 1080ti Cryptocurrency Mining Electricity Costs Bitcoin Energy Consumption: An Inside Look

As a baseline, we have compared the annual cost of the incremental electricity units used for bitcoin mining based on the cost of the SVTs of the Big 6. Please note that we have ignored standing charges as we are looking at incremental costs, and standing charges would have been already incurred as part of the general electricity consumption of the household independent of the decision to mine ... The media has been buzzing recently about the danger of the Bitcoin industry's electricity consumption. The cryptocurrency's security is based on complex calculations made by supercomputers, an operation called mining.According to the latest research, Bitcoin uses as much electricity as Ireland, that is about 30 TWh per year. Electricity is the major ongoing cost of Bitcoin mining. The price paid per Watt will greatly influence profitability. Select a suitable ASIC (e.g. a budget Antminer S5 that you can buy for $250-300), enter this information to a calculator as well as other parameters to get the profit estimates. Altcoin Mining with Free Electricity Between 60 and 80 percent of bitcoin mining revenue goes straight back into paying for electricity. So miners really, really want to save as much on their electricity bills as possible. Well, Bitcoin mining can be done anywhere, and since electricity bills make up for 60% of the cost of mining a single coin, as indicated by Alex de Vries, miners are flocking to places which offer the lowest-priced electricity with favourable climates.

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Hacknalysis: How to Mine $14.5 million of Bitcoin without Paying for Electricity

We looked at the cost to mine one bitcoin in 115 different countries based on average electricity rates according to government data, utility company data, and/or world reports from IEA, EIA ... Bitcoin - What Is The Cost Of Mining? In this video I explain Bitcoin mining, the costs involved & whether it puts a floor in the price of Bitcoin & other cryptocurrencies. SUBSCRIBE FOR MORE HOW MUCH - http://shorturl.at/arBHL Visit our Bitcoin Merch Store - http://www.bitcoinmerch.com *Don't forget to subscribe and hit that no... Intelligent Mining has developed a power system which will substantially reduce the cost of Bitcoin mining. bitcoin mining with low electric cost - Duration: 1:21. Bitcoin Miner Pakistan 803 views. 1:21. Why Ethereum is the MOST PROFITABLE & MOST IMPORTANT Coin for MINING?! - Duration: 21:01. ...

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