Post
Topic
Board Bitcoin Discussion
Re: Bitcoin to use 0.5% of world’s electricity by end of 2018
by
budismile
on 02/06/2018, 10:20:38 UTC
Quote
The estimates, based in economics, put the minimum current usage of the bitcoin network at 2.55 gigawatts, which means it uses almost as much electricity as Ireland. A single transaction uses as much electricity as an average household in the Netherlands uses in a month. By the end of this year, he predicts the network could be using as much as 7.7 gigawatts—as much as Austria and 0.5% of the world’s total consumption.

https://www.livemint.com/Money/3wU3b1IuMYZTl47zYkkcmN/Bitcoin-to-use-05-of-worlds-electricity-by-end-of-2018.html

With mining facilities looking to be more and more electrically efficient with the coming years, I feel they will be pushing our electrical technology to tiers that will help us on a global scale.

In this case, I think the bitcoin has consumed so much power. but it is comparable to its use, given its demanded a fast time.
and hopefully with the addition of electric power, it can help you and your country