Electricity consumption for mining Bitcoin?

[Emmy]

I think this is the reason why my country do not have interest in Bitcoin mining because we lack electricity (light). Indeed Bitcoin mining is really consuming light; only country that has good light can do the mining.

 

[Kaffyfolla]

I think Bitcoin mining consumes around 91 terawatt-hours of electricity annually. That's more annual electricity use, which is a country of 5.5 million people. That's almost 0.5% of all electricity consumption worldwide, and a 10 times jump from just five years ago upward

 

[Ononivami]

Electricity consumption in bitcoin mining is very important and it as caused many debate over time. The energy consumption of the bitcoin mining is however over exergerrated. The consumption is not that high.

 

[Syldan]

The mining process of any other cryptocurrency most especially the bitcoin is not very easy and the amount of electricity consumption is very high. The issue of electricity had been one of the major problem of my community and the government seems to be doing nothing about it.
Seriously that is a whole lot of electricity consumption that not every man can imagine. that's the major reason why mining is somehow expensive for most of the countries with high electricity challenges.

 

[Busybee]

Electrical charges are a key factor while calculating the profitability of the whole Bitcoin mining operation. This is the reason why many Bitcoin miners have moved their mining rig or pool to 3rd world countries where the electricity charges are low. Some have turned towards solar and wind energy to counter the rising electricity charges. Before mining Bitcoin or any other coins, we should factor in the electricity charges and the hash rate our computers can generate to calculate the profitability of the operations.

 

[Sincerem]

One of the major concerns for crypto currencies, mainly Bitcoin, is the amount of electricity the mining operations consumes. Not only the computers need to be powered, there should be some sort of cooling system so cool down the computers. Some of the biggest mining farms are paying over a million USD in electricity bills, you can imagine how much electricity these farms are using.

Electricity consumption is Paramount non terms of any digital related operations as most of the electronic devices used for such operations need electricity to function .

 

[Lens]

The electricity consumed in bitcoin mining is very huge and that is why they called for the use of an environmental friendly energy sources. This was what happened in last year that caused a serious dip in the price of cryptocurrencies.

 

[Setho]

The energy expenditure was even created by governments around the world in order to squash Bitcoin in the first place because there are so many other things that they have to worry about protecting the environment instead of Bitcoin mining.

 

[Sotherefore]

This is huge, I cannot see the reason why mining pools is not located in some countries because probably such countries may not have the required electricity needed to carry out a successful mining process.

 

[Robust]

The use of electric consumption in my country is okay and it is not in any way affecting mining of Bitcoin, except at the moment your battery should go off when mining Bitcoin.

 

[Chibson]

one of the major reasons why Bitcoin mining was banned in China is because it consumes a lot of electricity and therefore causing some harm to the environment. the amount of electricity consumed by bitcoin mining activity around the world is very huge.

 

[Lens]

Bitcoin mining takes a lot of energy and as a result it will be very difficult for you to manage electricity for this type of venture. This is a major concern on Bitcoin mining.

 

[Chibson]

Bitcoin mining takes a lot of energy and as a result it will be very difficult for you to manage electricity for this type of venture. This is a major concern on Bitcoin mining.

I think this Bitcoin mining activity cannot be done in a country where by there is no stable electricity and energy. This is why you see bitcoin miners locating to countries where there is stable electricity.

 

[Lens]

I think this Bitcoin mining activity cannot be done in a country where by there is no stable electricity and energy. This is why you see bitcoin miners locating to countries where there is stable electricity.

A country with epileptic power supply can never do cryptocurrency mining because it's only depends on electricity to function properly. One of the major things that turned me off cryptocurrency mining, is the electricity consumption.

 

[Chibson]

A country with epileptic power supply can never do cryptocurrency mining because it's only depends on electricity to function properly. One of the major things that turned me off cryptocurrency mining, is the electricity consumption.

of course countries with epileptic power supply does not need to bother about Bitcoin mining because it will not work. It is only done in countries where there is abundant electricity.

 

[Lens]

of course countries with epileptic power supply does not need to bother about Bitcoin mining because it will not work. It is only done in countries where there is abundant electricity.

If you're living in a place where there is no constant power supply, there's no way you could venture into cryptocurrency mining because it requires a lot of electricity to function.

 

[Chibson]

If you're living in a place where there is no constant power supply, there's no way you could venture into cryptocurrency mining because it requires a lot of electricity to function.

Probably, people who are in countries where there is no constant power supply will probably not be able to mine bitcoin successfully. It is only for those who are in countries with steady power supply.

 

[Shigobad2020]

I am normally not good at crypto currency mining because I always looses many things , including my Mobile phone power supply , mining I always good if you have steady power supply
I am normally not good at crypto currency mining because I always looses many things , including my Mobile phone power supply , mining I always good if you have steady power supply