Bitcoin Energy Consumption Index

The Bitcoin Energy Consumption Index provides the latest estimate of the total energy consumption of the Bitcoin network. NEW RESEARCH: “Cryptocurrencies on the road to sustainability: Ethereum paving the way for Bitcoin” (December 2022); Bitcoin’s biggest competitor, Ethereum, has reduced its electrical energy requirement by at least 99.84% by changing its method of production. 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 is discussed here.**The minimum is calculated from the total network hashrate, assuming the only machine used in the network is … Continue reading Bitcoin Energy Consumption Index