Mining One Bitcoin Requires 110,000 kWh of Electricity

Studies indicate that mining one Bitcoin requires approximately 110,000 kWh of electricity. At current global electricity prices, this equates to expenses of $46,291.

However, the cost of mining varies by region. For instance, in Ukraine, due to lower electricity rates, the cost of mining one Bitcoin is $12,540.

Such high energy demands raise concerns about the environmental impact of mining. Experts are calling for the adoption of more energy-efficient technologies and the use of renewable energy sources.