Do4Africa :
Did you know? 💡
Research from the energy price comparison service shows that the energy consumed for Bitcoin mining globally has already surpassed the average used by Ireland and most African nations, and it exceeds the annual usage of nearly 160 countries. Miners are utilizing increasingly powerful rigs to mine Bitcoin,
and as a result,
the mining process
(and in turn, Bitcoin transactions) is consuming more and more electricity. Indeed, according to the Dutch bank ING, a single Bitcoin transaction uses as much electricity as powering a home for an entire month.
#bitcoin
#Africa
#hold
Did you know? 💡
Research from the energy price comparison service shows that the energy consumed for Bitcoin mining globally has already surpassed the average used by Ireland and most African nations, and it exceeds the annual usage of nearly 160 countries. Miners are utilizing increasingly powerful rigs to mine Bitcoin,
and as a result,
the mining process
(and in turn, Bitcoin transactions) is consuming more and more electricity. Indeed, according to the Dutch bank ING, a single Bitcoin transaction uses as much electricity as powering a home for an entire month.
#bitcoin
#Africa
#hold