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28 September 2021

Bitcoin Energy Consumption This Year Already More Than All of 2020 - Decrypt

Bitcoin Energy Consumption This Year Already More Than All of 2020 - Decrypt


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Bitcoin Energy Consumption This Year Already More Than All of 2020.

Bitcoin's year-to-date energy consumption has already surpassed the cryptocurrency's total energy consumption in 2020, according to research conducted byBloomberg. .

“The Bitcoin network was estimated to consume about 67 TWh [terawatt hours] of electricity in 2020, and its total consumption has already surpassed this in 2021,”Bloombergsaid.

Bitcoin's energy consumption is often calculated in TWh, a unit of energy that equates to one trillion watts per hour.

Thebest available datafrom Cambridge University suggests that only 39% of Bitcoin's energy consumption demands come from renewable sources

The Bitcoin Mining Council was created earlier this year to “promote transparency” about the industry

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