Data: Single BTC transaction electricity costs more than $100

On October 27, the British financial website MoneySuperMarket recently conducted a study and calculation on the electricity cost consumed by each Bitcoin transaction. Based on the global average electricity price of 9.0 cents per kilowatt-hour in the past 12 months, the cost of electricity used for Bitcoin mining when users buy, sell or transfer Bitcoin is US$176.

This means that if you want to use Bitcoin to buy a latte or pay for a small transaction such as walking the dog, the cost may be higher than you think, which may be a blow to those supporters of BTC who believe that the related transaction costs are lower.