Electricity required for single bitcoin trade could power a house for a month

 

…Bitcoin transactions use so much energy that the electricity used for a single trade could power a home for almost a whole month, according to a paper from Dutch bank ING.

Bitcoin trades use a lot of electricity as a means to make verifying trades expensive, therefore making fraudulent transactions costly and deterring those who would seek to misuse the currency…

Read Full: Electricity required for single bitcoin trade could power a house for a month