Crypto downturn sees electricity consumption on Ethereum plunge by 50% - BitcoinEthereumNews.com
क्रिप्टो Ethereumक्रिप्टो मंदी से इथेरियम पर बिजली की खपत में 50% की गिरावट देखी गई06 / 24 / 2022बिटकॉइन एथेरियम समाचार Electricity consumption on some of the biggest crypto networks dropped by as much as 50%, as depressed token prices forced miners to shut shop, according to the गार्जियन। Crypto miners are feeling the pinch The recent sell-off was a क्रूर reminder of how volatile crypto investing can be. But its not just investors who are feeling the pinch. Miners, who must balance overhead costs with token prices, are also facing hardship. An indication of this is the electricity consumption used in the mining process. Estimates from Digiconomist show the most energy-hungry network, Bitcoin (बीटीसी), experienced a sharp drop in electricity consumption, falling from a high of 204.5 TW/h per year, on June 11, to 132.07 TW/h per year as of Thursday – a 35% decrease in less than three weeks. The fall in electricity consumption for the Ethereum (ETH) network is more pronounced. The May 23 high, of 93.98 TW/h per year, saw a steep decline in the days proceeding. Currently, the networks consumption is 47.73 TW/h per year – a 49% drop in 32 days. Falling token prices put pressure on the least efficient