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

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

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