Managing Bitcoin transactions uses more power than 159 countries

The crypto currency Bitcoin has gained a tremendous impact on the financial markets in recent years when the value of the digital currency has almost exploded.

But also the power consumption associated with the handling of Bitcoin has been shaken violently.

According to The Next Web blog, referring to British Power Compare, the power consumption of so-called mining - in short, is computer-controlled transaction management with Bitcoin - now higher than power consumption in 159 different countries worldwide.

In the list of countries that use less power than Bitcoin's mining feature, 20 European countries - including Ireland, Croatia, Serbia, Slovakia and Iceland - are writing The Next Web.

On the whole continent of Africa, there are only three countries consuming more power than Bitcoin, namely South Africa, Egypt and Algeria.

According to Power Compare, the estimated annual power consumption for Bitcoin is currently 0.13%. of the entire world's power consumption.

The market value of Bitcoin, whose wild increases of several economists have been described as pure speculation, while others consider that there is much more potential yet, is almost 140 billion. dollar. On Friday, a bitcoin costs just $ 8300, while at the beginning of the year it would be easy to pull around $ 950 from the pocket.


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