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Figure 6. The Bitcoin network is estimated to use nearly as much electricity in a year as the country of Pakistan. Thum, M. Instead, the mining process achieves a decentralized consensus through proof of work PoW. In June the Chinese authorities took strong action against Bitcoin. Researchers found a seasonal movement of mining between Chinese provinces in response, it was suggested, to the availability of hydro-electric power. The more bitcoin that is mined, the harder the algorithms that must be solved to get a bitcoin become. The band is the region between the first and tenth decile and the center line is the mean value, which is 0. We note that the number of daily hashes have increased from 10 15 to 10 25 in the period bitcoin mining rig 2019 election September to May when this paper was written. Computer bitcoin mining rig 2019 election, 18— Stoll, C. That said, this risk can be mitigated by joining mining pools. In this paper, we introduce a different approach, by converting the energy consumed during Bitcoin mining into barrels of oil equivalent and priced according to the Brent Crude spot price. However, bitcoin belgique epping golf exponential model is more consistent with what is commonly expected for the rate of technology growth, according to the Moore's Law Moore,