Consider how much one bitcoin costs in terms of gold, other precious metals and dollars - a rather fascinating occupation, which is periodically given to journalists of various publications. So, the employees of OilPrice decided how much oil to spend to get one bitcoin.
The American barrel is 42 gallons, or 159 liters of oil. According to the latest data, approximately 22.5 terawatt-hours are spent annually for the needs of mining, for the production of which it is necessary to spend about 13 million barrels. Considering that 12.5 bitcoins are mined every 10 minutes, it is easy to calculate that the cost of energy required to produce one bitcoin will be approximately 20 barrels.
It is also interesting: the bitcoin price now stands at about 6,300 dollars, while the barrel costs about 60 dollars. It turns out that if you spend 20 barrels to lure one bitcoin and then sell, you can buy more than a hundred barrels for the money you have earned. This is entertaining arithmetic.
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