In this article, we take a look at the total electricity consumption of gamers and miners to find out which one consumes more electricity. with us in IT provider be with
Bitcoin and the digital currency industry as a whole have grown tremendously and created a lot of buzz in the last few years. With its impressive growth, this industry was able to attract a large number of people and find its place in the lives of most of us.
Of course, apart from its many advantages, this growth also has its disadvantages, which has made many people serious critics of Bitcoin. The reason for these protests is the way Bitcoin is produced. Bitcoin enters the market through the digital currency mining method, as a result of which, very powerful devices must mine Bitcoin.
Due to the massive growth of Bitcoin, the number of machines that generate Bitcoins has increased tremendously. Each device consumes a lot of electricity due to the high difficulty of the work it does, also the very high number of these devices has caused us to see a lot of electricity consumption for Bitcoin mining.
High electricity consumption is not desired by anyone and everyone is trying to reduce electricity and energy consumption as much as possible, but currently, this amount of energy consumption is very high. For this reason, Bitcoin has many critics who question the way it is mined and produced.
Gamers or miners consume more electricity?
Although the electricity consumption of each bitcoin mining machine is very high, on the other hand, the number of miners is not at all comparable to the number of gamers in the world. Currently, according to the latest reports, there are 2.7 billion people in the world who are considered gamers. These two reasons make it impossible to say which group consumes more electricity.
Recently, a report was released that measured the total electricity consumption of the Bitcoin mining industry and compared it to the rest of the industry.
As you can see in the graph above, the annual electricity consumption of gamers and miners are very close to each other, and with only a 5% difference, gamers consume more electricity. In the chart, the two industries of gold mining and paper production are also placed so that you have a more accurate and better sense of these numbers.
Of course, it should be noted that this statement “miners consume a lot of electricity” is completely true! The community of gamers is many times more than miners, and if we divide the electricity consumption of each industry by the number of people in that industry, miners will consume more electricity by several times.
Therefore, people’s criticism regarding the amount of electricity consumed by miners is completely appropriate and correct, but by writing this article, we intended that you have a better sense of the dimensions of this story by including numbers and graphs.
Note that not all digital currencies use the mining method, and even some currencies such as Ethereum are abandoning mining and switching to other methods such as Proof-of-Stake.