Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa

 

 

The revolution will not be centralized – as they say.

One can see why the central bankers are getting antsy. Though Fed Chair nominee Powell said this week that Bitcoin wasn’t that important.

OK.

(Powercompare.co.uk)

Here are a few other interesting facts about Bitcoin mining and electricity consumption:

  • In the past month alone, Bitcoin mining electricity consumption is estimated to have increased by 29.98%

  • If it keeps increasing at this rate, Bitcoin mining will consume all the world’s electricity by February 2020.

  • Estimated annualised global mining revenues: $7.2 billion USD (£5.4 billion)

  • Estimated global mining costs: $1.5 billion USD (£1.1 billion)

  • Number of Americans who could be powered by bitcoin mining: 2.4 million (more than the population of Houston)

  • Number of Britons who could be powered by bitcoin mining: 6.1 million (more than the population of Birmingham, Leeds, Sheffield, Manchester, Bradford, Liverpool, Bristol, Croydon, Coventry, Leicester & Nottingham combined) Or Scotland, Wales or Northern Ireland.

  • Bitcoin Mining consumes more electricity than 12 US states (Alaska, Hawaii, Idaho, Maine, Montana, New Hampshire, New Mexico, North Dakota, Rhode Island, South Dakota, Vermont and Wyoming)

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