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Generating Bitcoin requires 8 times more power than Google and Facebook

The process of producing Bitcoin virtual currency requires a high consumption of electricity. A single Bitcoin transaction requires an average of 1173 kilowatt / hours, enough energy that a normal home consumes in 2-3 months.

The data was made public by MoneySuperMarket.com, according to which Bitcoin seems to be the “most eager” virtual currency for electricity with a single transaction.

On the other hand, Google which is the largest internet search engine and Facebook which is the largest social network, both together consume 8 times less energy than a Bitcoin transaction.

Over the past 12 months, all Bitcoin transactions worldwide have used 123 Terawatts / hour or 123 billion kWh of energy.

This energy is comparable to Norway’s annual electricity consumption.