RE: How Many Barrels Of Oil Are Needed To Mine One Bitcoin?

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How Many Barrels Of Oil Are Needed To Mine One Bitcoin?

in bitcoin •  7 years ago 

Unfortunately coal is still the cheapest way to produce energy. Oil and natgas is spent in manufacturing and delivery of renewables. The negative to the article is oil is not really used to make energy. Natgas and coal are much more common methods. Where i live I enjoy .06 kwh prices and all the energy is from coal.

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That is true. Oil is used mostly as a back up.