The use of both digital money mining and these coins brings a very negative table in terms of electricity consumption.
There are bitcoin and digital coins on everyone's agenda, especially bitcoin's $10,000, which is why this new currency is spoken by everyone.
Was. From finance experts to cabbies, every cut is now talking about Bitcoin. There's only one reason why digital money's on the agenda, which is the probability that this value in the uptrend is the easiest way to make money. But there's another issue with the other coin, and that's electricity consumption. The use of both digital money mining and these coins brings a very negative table in terms of electricity consumption.
Equal to the whole world
Let's talk about digital money mining first. To generate digital coins that are encrypted in a data chain, computers need to decode these passwords. The password is a very powerful processor for the solution job and wants hardware like graphics card. So that means electricity consumption. The electricity consumption in question is so much that it will soon be equal to the total electricity consumption in the world. Bitcoin mining is currently spending equal to Serbia's total electricity consumption, according to data from the website called Digicomics.
In 2019, this consumption will meet the total consumption of the United States. One year from this date
Then in 2020, the electricity to be consumed for Bitcoin mining will be equal to the whole world.
As of now, most of the electricity spent in bitcoin has left many countries behind. World's most energy-consuming countries
In its rankings, Bitcoin mining is ranked 59th. The data spent on mining currently endures 35.77 terawatt hours per year (TWh). Bitcoin is located in Bulgaria with an annual 34.9 terawatt clock from the rear.
The other size of the job is the amount of electricity spent in transactions with digital currencies. You bought something or made a bitcoin transfer to someone. The block data that needs to be added at this time is being activated and this process takes about 10 minutes. Meanwhile, the working computer consumes a high energy. The one-hour electricity consumption of this process is about 200 KW for Bitcoin. This means that the invoice in Turkey finds 8.4 TL. In another digital currency ethereum, the situation is not different, but less electricity consumption is involved.
Traditional more environmentally friendly
Ethereum operations are consumed in approximately 37 kW of electricity in an hour. The bill is 1.5 TL. What about the electricity consumption of the payment systems we use right now? According to the study, the payment system company will accelerate global warming in the Visa's platform.
Charges 0.01 KW electricity. That's 0.0042 cents. In other words, it seems that digital coins are pretty much below.
It is possible to see that digital currencies are contrary to this sensitivity, especially if we think that sustainable and energy-efficient projects have been developed in recent periods. We look forward to what solutions are made for the high energy consumption of digital currencies.