Bitcoin mining activities later predicted would only make the perpetrators lose,

Bitcoin mining activities later predicted would only make the perpetrators lose, but it actually makes them increasingly desperate.

Bitcoin mining is predicted to use 0.5% of total global electricity consumption by the end of this year. Although the numbers look a bit, the costs are still very large and can make miners no longer benefit from the activities of dredging one of the cryptocurrency types.

It is Alex de Vries, the blockchain expert, the technology behind the circulation of digital currency, which reveals these predictions. Based on his research, the energy consumption of Bitcoin mining has now reached 2.55 gigawatts, or almost equivalent to Ireland.

While at the end of 2018 later, he calculates that the figure will jump to 7.67 gigawatts, only a little behind from Austria. According to him, with the increasingly skyrocketing needs of miners Bitcoin will be electricity, then they can no longer enjoy the benefits of the process.