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A comment on Bitcoin surpasses $50K as major companies jump into crypto. Parent comment
It accomplishes about 7 TPS.
120 terawatts * hours / 1 year * 1 second / 7 in kilowatt hours = 543 kilowatts * hours.
Average US household electricity usage is about 877 kWh per month https://www.eia.gov/tools/faqs/faq.php?id=97&t=3
Of course, increasing Bitcoin prices will likely increase the amount of resources dedicated to mining, too...
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It accomplishes about 7 TPS.
120 terawatts * hours / 1 year * 1 second / 7 in kilowatt hours = 543 kilowatts * hours.
Average US household electricity usage is about 877 kWh per month https://www.eia.gov/tools/faqs/faq.php?id=97&t=3
Of course, increasing Bitcoin prices will likely increase the amount of resources dedicated to mining, too...