Post
Topic
Board Bitcoin Discussion
Re: Bitcoin needs to change to avoid the inevitable environmentalist backlash
by
monsterer
on 02/10/2014, 14:54:11 UTC
Proof of Work uses as much electricity to mine 1 bitcoin as it does 1,000,000 bitcoins. It has nothing to do with per user.

The article where these tables have been linked from suggests that at the time of writing, it costs $597 per bitcoin mined. So mining one bitcoin is vastly cheaper than mining 1M bitcoins.