How much power does Bitcoin use | BITCOIN POWER EXPLAINED
Welcome!
Why is there so much confusion?
- People don't understand electricity
- They don't understand blocks
- Think a transaction is only one Bitcoin
- Don't know what mining does
Without any further reference it does a terrible job of visualizing how much power that is or where it comes from.
So, How do we make a comparison that people actually understand?
How much power does Bitcoin really use?
Here we go:
![](https://steemitimages.com/640x0/https://i.gyazo.com/38378adc40ce36b364ac73957c0ff4c6.png)
Which means
![](https://steemitimages.com/DQmSurYZSdCZ5wpcurz5FVmEoAmmTQA2SidEVMQcTjbMoyL/image.png)
And because
![](https://steemitimages.com/640x0/https://steemitimages.com/DQmSAGqfeaf2B1PvRxw4LyiemAYvk5pFqfCAfRsnjMcP3s2/image.png)
So then
![](https://steemitimages.com/DQmSLsQo4jzcN7jGjFpkZRgDD2DRiNGzoSCFP1unciqAsBH/image.png)
Divided by
![](https://steemitimages.com/640x0/https://steemitimages.com/DQmXLo7krHefwcxJ17EJk9oZvjQJHJ4MM7AWQ864xBDC69f/image.png)
Means Bitcoin Network is equal to
![](https://steemitimages.com/DQmahzuWj4Bcxuj5JSh5RU1jegJ9fSwjH131hADp6qAyGfC/image.png)
Or
![](https://steemitimages.com/640x0/https://steemitimages.com/DQmXKVX2yc9ygqm88VKvn6PVb9LTjW6KDfv5ACoHBXsS5kr/image.png)
Compares to
![](https://steemitimages.com/DQmPxHprVS1bAWJAUtBxgZp9Ss4Ji8hZPXjF6dfFvHNHv1c/image.png)
Or
![](https://steemitimages.com/640x0/https://steemitimages.com/DQmVGYCmpLVtivc7JJwJFwdhRuubFSHUu2igekEhrHUugRp/image.png)
About
![](https://steemitimages.com/DQmbLKXetbgXKeyzZARkaAzbdgBK88DatbMzp5AT4i4QmL4/image.png)
And
![](https://steemitimages.com/640x0/https://steemitimages.com/DQmRqefY3M7Q3dmvKegfBqsVZV7JnQrdKsspnnTghQmHHjD/image.png)
So
![](https://steemitimages.com/DQmYgczDvwmmdHPbEEE9d29sCWkXSwdPv4pHHRPkVunoABs/image.png)