Bitcoin Energy Consumption Index

The Bitcoin Energy Consumption Index provides the latest estimate of the total energy consumption of the Bitcoin network. NEW RELEASE: “The true costs of digital currencies”, noting that “the total Bitcoin carbon footprint exceeds the total GHG emission reductions of electric vehicles (51.9 Mt CO2 in 2020)” and urging for a more comprehensive view in assessing the externalities of cryptocurrencies (June 2021). NOTE: Read how China‚Äôs Bitcoin mining ban has affected energy consumption estimates. Annualized Total Bitcoin Footprints Single Bitcoin Transaction Footprints *The assumptions underlying this energy consumption estimate can be found here. Criticism and potential validation of the estimate … Continue reading Bitcoin Energy Consumption Index