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The hardware to mine BTC has evolved given that the mining difficulty has increased today.
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Available data shows that one Bitcoin transaction can consume 703 kWh of energy.
Amid the environmental debate in correlation with Bitcoin (BTC), a new working paper emphasizes that the largest cryptocurrency by market capitalization may be a contributor “to the sustainable global energy transformation.”
The paper is co-authored by Nic Carter, Island Ventures partner; Shaun Connel, Lancium VP of power; the late Brad Jones, former ERCOT CEO; Dennis Porter; Satoshi Action Fund CEO, and a science advisor Murray Rudd.
Impact of Bitcoin on Global Energy Remains Complex
The study dubbed, “Leveraging Bitcoin miners as flexible load resources for power system stability and efficiency” sheds light on common challenges in assessing energy usage like data availability, hardware mix, carbon intensity assumptions, and more.
Bitcoin’s energy consumption estimates
We współpracy z: https://www.thecoinrepublic.com/2023/11/28/bitcoin-mining-may-help-demand-flexibility-in-energy-grids/
