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How much electricity does Bitcoin mining use?
1 Answer
- billrussell42Lv 72 months ago
a lot
BBC:
Cambridge researchers say it consumes around 121 terawatt-hours (TWh) a year. Bitcoin uses more electricity annually than the whole of Argentina.
in terms of power, 121 terawatt-hours/yr x 1 yr/8766 hrs = 13.8 GW
in comparison, What is U.S. electricity generation? In 2019, about 4,127 billion kilowatthours (kWh) (or about 4.13 trillion kWh) of electricity were generated at utility-scale electricity generation facilities in the United States.
to correct the units:
4.13 trillion kWh = 4130 terawatt-hours
4130 terawatt-hours / year x 1 yr/8766 hrs = 471 GW
