How much power does Bitcoin use | BITCOIN POWER EXPLAINED

in #bitcoin7 years ago (edited)


Welcome!

I see it happen so many times. People confusingly use all kinds of electric measures to start comparing Bitcoin to whatever. Households, small countries, Visa's network.

Why is there so much confusion?

  • People don't understand electricity
  • They don't understand blocks
  • Think a transaction is only one Bitcoin
  • Don't know what mining does

Without any further reference it does a terrible job of visualizing how much power that is or where it comes from.
So, How do we make a comparison that people actually understand?

How much power does Bitcoin really use?

Here we go:



Which means



And because



So then


Divided by



Means Bitcoin Network is equal to



Or



Compares to



Or



About



And



So


Thank you!