If you misunderstand that large factories have the highest power consumption, you are wrong. You will be surprised to know that digital currency bitcoin mining is the most used power. A report by Cambridge University has claimed. That's costing about 53 terawatts of electricity in Bitcoin mining every year. Bitcoin is currently the most expensive cryptocurrency. Today a bitcoin is priced at Rs 7.83 lakh. Let us know the full details
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It is difficult for any common man to understand what electricity is used in bitcoin mining, so tell you that Bitcoin mining is done through all the computers used worldwide. Being an expensive cryptocurrency, transactions are very careful. A large network of computers is used for bitcoin mining. What's more, mining involves ordinary people and in turn, gives them some bitcoins.
For this bitcoin mining, the miners use the computer for 12 hours a day, and this is where electricity is consumed. Cambridge University took the help of an online tool to detect it. According to an estimate, the power consumption in bitcoin mining is equivalent to Switzerland's year-round need. Iran troubled by power consumption, 1,000 computers sewed.
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For your information, Iran has recently sewed about a thousand computers used in bitcoin mining. These computers were using electricity to the fullest. A Bloomberg report last year claimed that if bitcoin becomes a global currency, the earth's temperature will rise to 2 degrees Celsius in just 25 years. There is a ban on cryptocurrency in India, though several reports claim that the Indian government will soon launch its digital currency.
