Bitcoin: Does it really use more electricity than Ireland?
Is there no such physical presence that consumes more electricity as a whole country?
Recently internet claims have flooded that bitcoin digital currency can use more power than many developed countries, then want to know the reality check: how do they work, and is this true?
Although since 2009 it has been in the headlines around the world because of a very good price, since digital currency, or cryptocurrency.
Bitcoin: what's behind the gold rush?
Unlike notes or coins in your pocket, Bitcoin is not printed by governments or traditional banks and is widely available online.
Almost 3600 new bitcoins are made every day through a complex process called "Mining", where computers are rewarded with bitcoin for the processing of mathematical equations through special software.
Except that it is not just a handful of computers that process these equations, but thousands of machines around the world that work day and night - this is a lot of electricity.
And as the cost of growing bitcoins, more and more machines are plugged and are used by toilets and professionals to take advantage of them.
Considering their numerical nature, it is understood that there is a growing curiosity about the quantity of electricity actually produced for bitcoin