Experts told how much oil is needed for one bitcoin

01 November 2017, 01:32 | Technologies 
фото с InternetUA

Consider how much one bitcoin costs in terms of gold, other precious metals and dollars - a pretty fascinating occupation, which is periodically given to journalists of various publications.

Employees of OilPrice have counted, how many it is necessary to spend oil 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 for extraction of one bitcoin is approximately 20 barrels.

It is also interesting: the bitcoin price now stands at about 6,300 dollars, the barrel costs about 60 dollars. It turns out that if you spend 20 barrels to lure one bitcoin, and then sell, you can again purchase more than a hundred barrels of the money you have earned. Such here is entertaining arithmetic.

It is worth recalling that on October 29, bitcoin after an extended period of stability unexpectedly resumed growth, which subsequently helped the world's first digital currency set a new record. At Bitfinex, bitcoin was trading at a maximum of $ 6345, which is a historic high for him.

Источник: InternetUA