| Yes, you can mine Bitcoins at your homes but you will need supercomputers and very powerful servers which can handle the algorithms through which Bitcoin is mined and moreover, a habitual environment for those machines. These mining computers require a vast amount of energy to operate. As the prices of Bitcoin increase, more and more miners enter the market, driving up the energy consumption further. Earlier last week Reuters said in a report citing a tech news site Motherboard “the energy cost of a single Bitcoin transaction at 215 kilowatt-hours, assuming that there are around 300,000 Bitcoin transactions per day. That’s almost enough energy as the average American household consumes in a whole week.” |