Cryptocurrency

Mining equipment Bitcoin are becoming more efficient in power consumption | Breaking News

The consumption of electricity for mining of bitcoin does not reach the 70 terawatts per hour, which puts these levels are still below the maximum registered in November of 2018. This occurs despite the fact that the processing power has reached a new historical peak, exceeding for the first time the 90 EH/s, recently.Data firm Statista, you can see that for the month of July, 2019, the electricity consumption for mining Bitcoin was 69,79 terawatt/hour, while that between September and November 2018, the number was above the 73 terawatt/hour.The same graph from Statista shows that after those numbers to November 2018, the consumption of electricity fell to 37% in January of this year, coinciding with a decrease in hash rate, or rate of the hash of the network.However, the increase has been in energy consumption in the following months does not correspond with the levels that it has grown the processing of the network of Bitcoin, as you can see the contrast with metrics of the power of mining as BitInfoCharts.Graphic upper, the processing of Bitcoin: Statista. Bottom graph, power consumption of Bitcoin: BitInfoCharts.According to the data of this signature, the processing power of Bitcoin to November 2018, had a maximum level of 60EH/s and was falling to be below 40 EH/s at the end of the month.The rate of hash of Bitcoin returned to achieve the 60 EH/s in June, while in the following month, surpassed by moments of the 70 EH/s, in figures of the same BitInfoCharts. Despite this, up to July of this year, consumption levels did not reach those seen last November.In may 2018, the electricity consumption was about 74 terawatts per hour, in a month with a processing power that was not even 40 EH/s. In may of this year, on the contrary, it was registering near 60EH/s at some point. In that month, the electricity consumption was even lower than may of the previous year.In the last few weeks, the rate of hash of Bitcoin has reached new highs, according to different metrics. BitInfoCharts, blockchain.com and Coin Dance match that has already exceeded 80EH/s.

Greater power and efficiency

Equipment for mining of bitcoins have not only enhanced with the time of your processing power looking for higher profits by the mining activity. There have also been improvements focused on energy consumption is more efficient.This is reflected in the large increase of the hash rate of the network during this year that has resulted in an impact of higher intake.Companies like Innosilicon, GMO, Micro BT and Bitmain are kept in a competition for throwing the miners more powerful and efficient on the market. For the moment, stands out the Antminer S17 Pro Bitmain, announced in April of this year.