One single blockchain transaction of Ethereum equaled the energy consumption of less than several thousands of VISA card transactions. This according to a source that tries to estimate the energy consumption of Ethereum (ETH). It does so by estimating how much income miners possibly spend on electricity, as there is no institution that tracks how much energy the cryptocurrency actually consumes. This same methodology was also applied to the energy consumption of Bitcoin. Ethereum energy consumption is of importance for developments regarding NFTs and other applications of decentralized finance or DeFi - as the market share of the Ethereum blockchain in DeFi far exceeds that of other blockchains.
Ethereum average energy consumption per transaction compared to that of VISA as of May 1, 2023
(in kilowatt-hours)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Digiconomist. (May 1, 2023). Ethereum average energy consumption per transaction compared to that of VISA as of May 1, 2023 (in kilowatt-hours) [Graph]. In Statista. Retrieved December 09, 2024, from https://www.statista.com/statistics/1265891/ethereum-energy-consumption-transaction-comparison-visa/?ref=thoughtful.purposeinvest.com
Digiconomist. "Ethereum average energy consumption per transaction compared to that of VISA as of May 1, 2023 (in kilowatt-hours)." Chart. May 1, 2023. Statista. Accessed December 09, 2024. https://www.statista.com/statistics/1265891/ethereum-energy-consumption-transaction-comparison-visa/?ref=thoughtful.purposeinvest.com
Digiconomist. (2023). Ethereum average energy consumption per transaction compared to that of VISA as of May 1, 2023 (in kilowatt-hours). Statista. Statista Inc.. Accessed: December 09, 2024. https://www.statista.com/statistics/1265891/ethereum-energy-consumption-transaction-comparison-visa/?ref=thoughtful.purposeinvest.com
Digiconomist. "Ethereum Average Energy Consumption per Transaction Compared to That of Visa as of May 1, 2023 (in Kilowatt-hours)." Statista, Statista Inc., 1 May 2023, https://www.statista.com/statistics/1265891/ethereum-energy-consumption-transaction-comparison-visa/?ref=thoughtful.purposeinvest.com
Digiconomist, Ethereum average energy consumption per transaction compared to that of VISA as of May 1, 2023 (in kilowatt-hours) Statista, https://www.statista.com/statistics/1265891/ethereum-energy-consumption-transaction-comparison-visa/?ref=thoughtful.purposeinvest.com (last visited December 09, 2024)
Ethereum average energy consumption per transaction compared to that of VISA as of May 1, 2023 (in kilowatt-hours) [Graph], Digiconomist, May 1, 2023. [Online]. Available: https://www.statista.com/statistics/1265891/ethereum-energy-consumption-transaction-comparison-visa/?ref=thoughtful.purposeinvest.com