Bitcoin Electricity Consumption Index

Study reveals bitcoin s electricity consumption is underestimated and finds the network represents close to half of the current global data centre electricity use august 2020.

Bitcoin electricity consumption index.

Cambridge bitcoin electricity consumption index the cambridge centre for alternative finance ccaf launched an index to track the annual electricity consumption of the bitcoin network. Last week during the cambridge centre. The cambridge bitcoin electricity consumption index cbeci provides a real time estimate of the total electricity consumption of the bitcoin network. The page estimates the consumption of the bitcoin network which consists of the cumulative energy requirements of everything on the bitcoin network.

Cambridge bitcoin electricity consumption index. The cambridge centre for alternative finance ccaf an academic research centre at cambridge judge business school university of cambridge today launched the cbeci the index provides a real time estimate of the total annual electricity usage of the. Coinshare s bitcoin mining using renewable energy report. Bitcoin energy consumption index the bitcoin energy consumption index provides the latest estimate of the total energy consumption of the bitcoin network.

Dan held pow is efficient. The cbeci is maintained by the cambridge centre for alternative finance ccaf at judge business school university of cambridge. A daily estimate of bitcoin s energy consumption is provided by the bitcoin energy consumption index. Currently the cbeci says the global bitcoin network is consuming more than seven gigwatts of electricity.

Btc uses less energy than the czech republic but more than switzerland each year. You can view today s current estimated electricity consumption for the bitcoin network. Mark bevand s electricity consumption of bitcoin blog post. According to digiconomist s bitcoin energy consumption index as of monday november 20th 2017 bitcoin s current estimated annual electricity consumption stands at 29 05twh.

The quantum threat to bitcoin with quantum physicist dr. That s the equivalent of 0 13 of total global electricity consumption. This index is built on the economic theory discussed previously but has a few specific assumptions that are put in place to produce the most likely day to day estimate. The cambridge centre for alternative finance launches a new real time index tracking the total electricity consumption of the bitcoin network.

Over the course of a year that s equal to around 64 twh or terawatt hours of energy. Cambridge bitcoin electricity consumption index updates every 30 seconds. Other relevant wbd podcasts.