How much energy does Bitcoin use?steemCreated with Sketch.

in crypto •  3 months ago 

How much energy does Bitcoin use? is a project of the University of Cambridge.

Researchers at the University of Cambridge have developed an indicator measuring the consumption of electricity in the Bitcoin network. Works in real time.
Index - (CBECI) Cambridge Bitcoin Electricity Consumption Index - provides information on the total energy consumed by the Bitcoin community. The update takes place every thirty seconds. Researchers have also developed a tool to deal with the use of this energy with other uses.

On an annual basis, the Bitcoin network uses about 53 terawattows. For comparison, the energy consumed by the Bitcoin network during the year could be used for 11 years of boiling water in electric kettles in Great Britain, while in Europe for one and a half years.

CBECI estimates that Bitcoin accounts for 0.24% of the total electricity in the world. If you treat this network as a state, it would take 43 place in terms of energy consumption. Less energy is used by countries such as Denmark, Singapore or Romania.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @marianomariano! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You published more than 250 posts. Your next target is to reach 300 posts.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Vote for @Steemitboard as a witness to get one more award and increased upvotes!