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28 September 2021

2021's BTC energy use passes 2020's, as study claims each tx produces 272g of e-waste

2021's BTC energy use passes 2020's, as study claims each tx produces 272g of e-waste


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A new study suggests that Bitcoin has already used more power so far this year than it did in all of 2020. .

The Cambridge Bitcoin Electricity Consumption Index currently estimates that BTC is set to consume an even greater 95.68 TW/h by the end of the year.

The report suggests that one transaction on the Bitcoin network produces 272 grams of e-waste, mostly comprised of old mining equipment.

A more humorous viewpoint on Bitcoin's power consumption was taken by The Onion which said that computing power used for BTC mining is actually saving humanity from destruction

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