Why Does Bitcoin Mining Consume Energy?

Bitcoin mining consumes a high amount of energy annually to keep the blockchain running. It typically consumes around 10 minutes to add new groups of verified transactions. A mining farm is designed to complete a specific task in a fast and efficient manner.

It’s energy consumption is variable depending on the size of the operation. Miners can operate at various scale from small-scale operations to large-scale industrial operations.

How the network consumes energy is often misunderstood. It is typically used to verify transactions and add new verified transactions to the network.

Compared to mining, sending a bitcoin transaction consumes less energy than adding new transactions to the network. When a transaction is sent, it will be verified by non-mining nodes before it is added to the network’s record.

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Lumerin Protocol

Lumerin Protocol


Making crypto mining hashpower a tradeable commodity. Built by Titan Mining. Visit us on https://lumerin.io/.