2 thoughts on “How Many Barrels Of Oil Are Needed To Mine One Bitcoin?

  1. Sorry for the slow reply. I am not sure how this is calculated. Of course, bitcoin miners have to buy hardware and there are people to pay. As far as the oil side of the equation, I don’t know if this counts the cost to refine, transport, market, etc the oil up to the point that it is turned into electricity. Lots of losses in the system from oil rig to electric outlet ….

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