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Mining Bitcoins isn’t free: The electricity costs behind the virtual currency

  • $150k the cost to mine Bitcoins for a single day, based on electricity usage, according to Bloomberg. Bitcoin miners use, on average, 1,005.59 megawatts of electricity each day for virtual currency. Despite the high cost of mining said currency, it isn’t a wash—Bitcoin miners are generating as much as $470,000 per day in Bitcoin revenue. source
April 14, 2013 // 15:26 // 1 year ago
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