The energy cost of a single bitcoin transaction could power 2.7 American homes for a day.(self.btc)submitted by Hi guys, I am currently writing my bachelor's thesis on Bitcoin and while talking about Bitcoin's threats and weaknesses I've calculated that a single bitcoin transaction could power 2.7 American homes for a day.That seems ridiculously high.My assumptions were that on average, mining companies use 0.352 watt of power for every Gigahash per second of computing power, which means that the bitcoin network currently runs at 1,156,918,400W (1,156 MW).That's enough to power 930,000 average American households' daily electricity usage.With about 345,000 Bitcoin transactions per day, that works out to 2.7 households daily usage of electricity per one Bitcoin transaction.Did I make a mistake somewhere?How is this sustainable?π Rendered by PID 14007 on app-210 at 2017-06-24 11:09:06.808330+00:00 running 3522178 country code: SG.Menu Online Marketplace Auto Parts & Accessories Consumer Electronics Drones & Robotics Electronic Components Fashion Accessories & Footwear Fashion Apparel & Fabrics Gifts & Premiums Hardware Home Products LED & Solar Products LEDs & Optoelectronics Machinery & Parts Mobile Electronics Security Products Smart Living Underwear & Swimwear Trade Shows Global Sources Exhibitions Electronics Mobile Electronics Gifts & Home Fashion Other Trade Shows Magazines Magazines Sourcing Reports Other Services Get Quotations Product Alerts Analyst's Choice Sourcing News & Advice New Sourcing Markets Private Sourcing Events Buyer Support About Us Path: >> >> >> – Update me on new products Verified Manufacturers Accepts Small Orders Lead Time Sort by Relevancy Supplier Rank: Descending Date Product Posted Response Rate Response Time USB 3.0 PCI-E Express 1 x 3 Pack Extender Riser for Devel... Sponsored US$ 1 - 1.2 / Piece 1 Piece (Min.

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