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Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.

Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Bitcoin miners have already used more electricity than in all of last year, BloombergNEF (BNEF) reported Monday.

  • Miners are on track to use 91 terawatt hours (TWh) this year, or about the same amount as Pakistan, BNEF said.
  • Estimated energy consumption of bitcoin mining last year was 67 TWh.
  • Bitcoin’s rising price in recent months has made mining more attractive, enticing companies with less energy-efficient machines to join the network and drive up power usage.

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Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.


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Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.