Displaying items by tag: Bitcoin production

Bitcoin is created by a computer, which by processing some mathematical algorithms does the thing called mining. This implies the processor intensive algorithms, and a website Blockchain noted that during the 24 hour mining of the Bitcoin around the world is spent 982 megawatt-hours of electricity, which would be sufficient for the energy needs of 31,000 households in the U.S. throughout the year (assuming an average spend 3.3 MWh). Some have even concluded that this results in an environmental disaster.