BİTCOİN MİNİNG CONSUMES MORE ELECTRİCİTY THAN 167 COUNTRİES
Bitcoin, one of the cryptocurrencies with an ever-growing volume in the world, left behind 167 countries with 154.9 billion kilowatt-hours of electricity consumed in 2023.
Each Bitcoin requires approximately 1450 kilowatt hours of electricity.
However, in the first halving in 2012, the solution reward per block decreased to 25 Bitcoins, in the second halving in 2016 it decreased to 12.5, and in the third halving in 2020 it decreased to 6.25.
In the 4th halving, which is expected to occur this year, the Bitcoin reward per block solved is expected to drop to 3,125.
In this way, the system is expected to go through 28 halving periods until the last block is solved, and the last block is expected to be solved towards the year 2140.
USA, China, Kazakhstan, Canada and Russia are among the countries with the largest share in Bitcoin mining.
While the USA stands out with its easy access to the technical equipment and infrastructure required for mining, Kazakhstan and China are in demand due to their more affordable electricity costs.
