Bitcoin Energy Consumption Value

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A Bitcoin Energy Consumption Value is a cryptocurrency energy consumption value (energy consumption value) from a Bitcoin energy consumption measure (of the amount of energy consumed by the Bitcoin mining process over a specified period).

  • Context:
  • Example(s):
    • One in 2021 was estimated to be around 104 terawatt-hours (TWh) (which is comparable to the annual energy consumption of countries like Argentina or Norway).
    • One in 2022 showed a slight increase to approximately 110 terawatt-hours (TWh), reflecting the ongoing growth in mining activity and the introduction of more energy-intensive mining hardware.
    • One In August 2021, the average carbon intensity of electricity consumed by the Bitcoin network increased from 478.27 gCO2/kWh in 2020 to 557.76 gCO2/kWh.
    • One in 2023, the Bitcoin network's annual energy consumption is approximately 130 terawatt-hours (TWh), similar to the energy usage of Sweden.
    • One During 2020, the Bitcoin network's energy consumption value saw a temporary reduction to around 67 terawatt-hours (TWh) due to decreased mining activity during the early months of the COVID-19 pandemic.
    • ...
  • Counter-Example(s):
  • See: Energy Consumption Measure, Bitcoin Mining, Hash Rate, Carbon Footprint, Energy Efficiency, Sustainable Energy.


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