Bitcoin: what does this electricity estimate cost?

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ASKER

Are you sure about this? That is astounding!

I think you need to divide by 30 days...

Right?

SOLUTION

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ASKER

Let's check your math, while I become edumacated about electricity costs;

901
/
30 (days in month)
*
6.56 (household's worth of electricity)
*
0.1265

What do the other two numbers represent? And where did they come from?

SOLUTION

John

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ASKER

I see. You use 400, but the average in the U.S. is 901. The A.C. Months are huge, though. True?

SOLUTION

John

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SOLUTION

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ASKER

Well, does it seem possible that a Bitcoin transaction costs 25 bucks?

I guess the countries where the juice is being burned have much lower costs per kWh...but Jeez! That's a fortune!

ASKER

Thanks!

John

You could use David's table - we are in the same realm. But your cost per bitcoin seems OK.

Thanks

be glad you're not in Alaska $0.40 per kWh