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As of , the Bitcoin network consumes about 93 terawatt hours TWh of electricity per year � around the same energy consumed by the 34th-largest country in the world. Fees work on a first-price auction system, where the higher the fee attached to the transaction, the more likely a miner will process that transaction first. But that security comes at a price. The value of your investment can go down as well as up, and you may not get back the amount you invested. Past performance is not a reliable indicator of future performance.