Final answer:
The energy consumption for a single Bitcoin transaction, as estimated by Digiconomist, is approximately 750 kWh, equivalent to the amount of electricity an average U.S. household would use in about 25 days.
Step-by-step explanation:
According to Digiconomist’s estimate, the energy consumption for a single Bitcoin transaction is approximately 750 kWh. This figure is exceedingly high when compared to typical daily electricity use.
For example, a typical household in the U.S. might use around 30 kWh per day. In contrast, a single Bitcoin transaction would consume the equivalent of 25 days of electricity for an average U.S. household.
This number not only reflects the energy intensity of Bitcoin mining but also highlights the broader environmental concerns associated with high energy consumptions in cryptocurrency mining operations.