Bitcoin mining is all fun and games...until you get the electric bill. If you're the one footing the bill, the electricity it takes to mine crypto will take a serious bite out of your bottom line.

TheGuardian reported that the electricity it takes to mine Bitcoin equates to 30.14 TWh per year, which is more than the ENTIRE country of Ireland. In fact, just one Bitcoin transaction will use up  300 KWh. Considering the EIAA reported in 2016 that the average U.S. household uses up an average of 897 KWh per month, you might want to rethink your mining hobby. 

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Editors' Pick: Originally published on November, 27. 

 

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