Bitcoin Energy Consumption Index

The Bitcoin Energy Consumption Index provides the latest estimate of the total energy consumption of the Bitcoin network. NEW RESEARCH: “Bitcoin’s growing water footprint” (November 2023); A single Bitcoin transaction could cost as much water as a backyard swimming pool. Annualized Total Bitcoin Footprints Single Bitcoin Transaction Footprints Did you know Bitcoin runs on an energy-intensive network? Ever since its inception Bitcoin’s trust-minimizing consensus has been enabled by its proof-of-work algorithm. The machines performing the “work” are consuming huge amounts of energy while doing so. Moreover, the energy used is primarily sourced from fossil fuels. The Bitcoin Energy Consumption Index … Continue reading Bitcoin Energy Consumption Index