College students are secretly mining bitcoin in their dorms: 'On room check days, I have to put a ...

Mining gobbles up 215 kilowatt-hours of energy for each transaction. According to Morgan Stanley data, the total energy consumption of the bitcoin BTCUSD, -4.98% network consumes as much electricity as 2 million U.S. homes. Mining a single bitcoin can cost anywhere from $3,000 to nearly $10,000 ...

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