How Much Electricity is Needed to Mine 1 Bitcoin?

As a solo miner, an average of 266,000 kilowatt-hours (kWh) of electricity is required to mine a single BITCOIN (BTC). This process would take approximately seven years to complete, demanding a monthly electricity consumption of about 143 kWh. To put this into perspective, this monthly electricity consumption is roughly one-sixth of what a typical household in the United States consumed in 2021.

Several critical factors demand close attention in the profitability of Bitcoin mining for solo miners. Among these, the price of electricity, the mining equipment hash rate and the network’s mining difficulty are paramount. While some miners opt to participate in mining pools to increase their chances of success, this study focuses on an extensive analysis of household electricity costs across the globe, providing insights into the distribution of these costs across different regions, and present valuable prospects for solo miners operating within a decentralized network.

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