The storm surge of Bitcoin continues steadily. Its price has increased by 6.50 lakh rupees during one month. Bitcoin's price at the end of November was $ 9,677 and soon it touched a high of $ 20000. The price of a bitcoin in Indian currency reached around 13 lakh rupees. But there are some dirty secrets behind this. Let us know about them.

(1) There is 240 kW of electricity in one transaction. Expenses are used in large quantities of electricity in a time of transaction and mining of Bitcoin because a mining is done. There is a need for 25000 computers. According to the report released by ING, a large investment bank of Denmark, 240 kW of electricity is spent on each transaction of Bitcoin. This is almost the equivalent of monthly household consumption of an average family. 

(2) This year it spent more power than 159 countries  According to an estimate, the Bitcoin Industry across the world is spending electricity equivalent to electricity usage in 30 million households in the US. The Digiconomist Betakeine Energy Conception Index shows that if the Bitcoin industry is considered to be a country, then it is ahead of the world's 159 countries in terms of power consumption. As Bitcoin Generation is catching up speed If such power consumption is increasing, bitcoin will use the world's full power by February 2020. 

(3) China has the highest Bitcoin mining One study said that China is at the top of the world with 58 percent of the world's major cryptocurrency mining. America's number is second in this list, with 16 percent of the figures. According to a study published by Cambridge University on the Bitcoin Industry, a quarter of the total electricity consumption in all types of cryptocurrency worldwide is being spent in China alone. A Bitcoin uses 25 thousand computers. In such a case, if there was a disturbance then the sword could hang on the job of millions of people.   

(4) Becoming Bitcoin and expensive will be expensive if electricity prices increase in the coming time, then becoming Bitcoin will be expensive. So, the prices of Bitcoin can fall due to the price rise.   

(5) Bitcoin is not recognized Many countries including India have not yet received recognition from this virtual currency. Recently, the Indian government is taking tough action about BitQVine. Income tax department is going to send tax notices to 5 lakh people. Therefore, buying it means that it is a risk to buy.  

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