How Much Energy Does An NFT Use?

How Much Energy Does An NFT Use?

How Much Energy Does An NFT Use?

Suppose you are thinking only about earning a considerable profit back from selling an NFT. In that case, you should know what they are doing to the environment.

The amount of energy used by creating an NFT is a significant concern. According to the data and figures, Computational artists and engineers found that the minting of an NFT Ethereum consumes nearly 142kWh of energy.

Here are in detail how much energy is consumed in the whole process while creating, buying, and selling NFT:

• Minting: 142 kWh, 83kg of CO2
• Bids 41 kWh: 24 kg of CO2
• Cancel Bid: 12 kWh, 7 kg of CO2
• Sale: 87 kWh, 51 kg of CO2
• Transfer of ownership: 52kWh, 30 kg of CO2

   

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Explore most asked questions and answers related to NFTs from here: Best Questions And Answers On NFT