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Bitcoin Mining Power Consumption Exceeds 2020: Report

Bitcoin Mining Power Consumption Exceeds 2020: Report

Bitcoin Mining Power Consumption Exceeds 2020: Report

Miners are on track to use 91 TWh this year.

Miners are on track to use 91 TWh this year.

Miners are on track to use 91 TWh this year.

AccessTimeIconSep 13, 2021, 10:53 AM
Updated May 11, 2023, 4:14 PM
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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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