Can Cryptocoins Be Environmentally Friendly?

Can Cryptocoins Be Environmentally Friendly?

It turns out one Bitcoin transaction takes 30 kWh of energy to go through to the blockchain. To get everything straight, let us look at what one kWh is. With one kWh a 100 watt light bulb would be lit for 10 hours. With 30 kWh that same 100 watt light bulb would be lit 300 hours. To make the amount of 30 kWh even more clear, I calculated how far that same amount of energy would take a 2016 Tesla S. According to www.fueleconomy.gov a 2016 Tesla Model S AWD – 70D uses 33kWh/100 miles riding on a combination of city and highway. From there it is quite simple to calculate that with 30 kWh the....


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