Bitcoin mining energy costs more than twice that of copper or gold: study
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According to theguardian, researchers at the Oak Ridge Research Institute in Ohio published an article in the journal Nature Sustainability stating that mining $1 worth of Bitcoin requires about 17MJ (megajoules, a unit of thermal energy). In comparison, mining copper, gold and platinum requires 4, 5 and 7MJ respectively. The energy cost of mining Bitcoin is more than twice that of copper or gold. In addition, the energy cost of mining Monero is 14MJ. |
>>: Hong Kong investment commentator sued for misleading users into investing in crypto mining
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