Bitcoin Mining Electricity Consumption

Electricity consumed by bitcoin mining is a lot higher than the whole Estonia, Latvia + 157 other countries combined. #funfact

The map above shows which countries consume less electricity than the amount consumed by global bitcoin mining

Global Bitcoin Mining consumption compared to each country’s electricity consumption

While Bitcoin Mining is only currently consuming 0.13% of the world’s electricity output, it’s growing incredibly quickly.

The Bitcoin Energy Consumption Index estimates consumption has increased by 29.98% over the past month. If that growth rate were to continue, and countries did not add any new power generating capacity, Bitcoin mining would:

• Be greater than UK electricity consumption by October 2018 (309 TWh)
• Be greater than US electricity consumption by July 2019 (3,913 TWh)
• Consume all the world’s electricity by February 2020. (21,776 TWh)