When a digital currency such as Bitcoin is to be produced, computers or miners scattered around the world compete to complete the calculations of a 64-digit hexadecimal number to produce one Bitcoin, and this operation is placed on the public ledger so that anyone can track the transactions of that Bitcoin. confirm The computer or miner that completes the calculations first is rewarded with bitcoins, and in a nutshell, this is the crypto mining industry. Such large calculations make crypto miners not have a day off and work continuously 24 hours a day and 7 days a week. This causes the miner’s power consumption to be high.
In order to have a successful crypto mining operation, it is important to have a complete understanding of how much electricity your miners are using and to ensure that your electricity costs are not overrun. In this article, we will examine how to convert and calculate the electricity consumption of cryptocurrency miners so that you can understand how much your monthly electricity costs will be. Stay with us.