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How much electricity is needed to mine 1 Bitcoin?

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Here is the hard truth: a solo miner needs 266,000 kWh to mine a single BTC. Translation? 7 years of work for a single coin, with a monthly consumption of ~143 kWh.

To put it in context, it's about 1/6 of the monthly electricity consumption of an average American household in 2021.

What really freaks you out are the 3 variables that determine your profitability:

  • 💸 The price of electricity ( you'd better mine where it's cheap )
  • ⚡ The power of your hardware (higher = faster)
  • 📈 The network difficulty ( the higher it goes, the more of a hassle it is )

The thing? Mining pools increase your chances, but the real solos play on the variations of global electricity costs. The regions with the cheapest electricity? That's where the game is really played.

BTC0.67%
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