Ethereum Network Statistics

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Ethereum Network Statistics
Description Value
Ethereum's current estimated annual electricity consumption (TWh) 8.46
Annualized global mining revenues $845,881,007
Annualized estimated global mining costs $845,881,007
Current cost percentage 100.00%
Country closest to Ethereum in terms of electricity consumption FYR of Macedonia
Estimated electricity used over the previous day (KWh) 23,174,822
Implied Watts per MH/s 5.353
Total Network Hashrate in GH/s (1,000 MH/s) 180,406.00
Electricity consumed per transaction (KWh) 44
Number of U.S. households that could be powered by Ethereum 783,223
Number of U.S. households powered for 1 day by the electricity consumed for a single transaction 1.47
Ethereum's electricity consumption as a percentage of the world's electricity consumption 0.04%
Did you know?
The Ethereum Energy Consumption Index has been designed with the same purpose, methods and assumptions as the Bitcoin Energy Consumption Index. The details of the latter can be found here. In essence, the following steps are followed in order to estimate the network’s total electricity consumption:

First, the total mining revenues are calculated and converted to USD.
Then it is estimated what part of mining revenues are being spent on electricity costs.
Lastly, the resulting number is easily converted to kilowatt-hours by dividing it by the average price per kilowatt-hour.
The only difference between the two indices is that the average price paid per kilowatt-hour (KWh) for Bitcoin miners is estimated at about 5 cents per KWh, while Ethereum miners are assumed to be paying 7 cents per KWh on average. This is due to the fact that Ethereum runs Ethash, an “ASIC-resistant” proof-of-work algorithm. Application-specific integrated circuits (ASICs) led to the industrialization of Bitcoin mining, while Ethereum mining is done with Graphics processing units (GPUs) found in every home computer.