More and more people are mining virtual coins, including Ethereum (ETH). This is evidenced by the lack of graphics cards on the market and the excessive power consumption. It turns out that all ETH mines generate a higher energy demand than many countries.
The ETH value quickly reached a large threshold. Back in January 2017, 1 ETH was worth $ 8.19, and now it is equal to $ 282.44. But it is not everything. In June, its value was $ 398, so maybe he will come back to it again? All graphics cards that do coin mining must have a high energy demand. There are several graphics on one disc that run 24 hours a day, 7 days a week at maximum speed. Imagine how much electricity it needs and multiply it by thousands.
The statistics were made by the Digiconomist company. All ETH farms together consume 4.6 TWh per year! If it were a country, it would have 1.14 million people living on an area of 9.251 km ^ 2. The energy consumption of BitCoin is even greater, as it amounts to 14.3 TWh. All excavators, only Ethereum, outperform Syria or Cyprus in terms of energy consumption. A lot, right?