Bitcoin Mining Power Consumption Exceeds 2020: Report

Miners are on track to use 91 TWh this year.

AccessTimeIconSep 13, 2021 at 10:53 a.m. UTC
Updated May 11, 2023 at 4:14 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Sheldon Reback

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

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.