Bitcoin's annualized footprint in electricity consumption reached an all-time high in early 2022, then believed to be higher than the power consumption of Finland. This according to a source that tries to estimate the energy consumption of Bitcoin (BTC). It does by assuming that miner's costs and income are the same thing: The higher the miner's income, the more powerful machinery it can support. Essentially, the source first calculates how much miners earn, then estimates how much of this income is spent on electricity and how much per kWh, to finally be converted into consumption figures. The main reason this figure is an estimate, is due to the decentralized nature of Bitcoin or cryptocurrencies in general: There is no central authority that tracks how many computers there are or where miners submit figures.
Bitcoin energy consumption worldwide from February 2017 to June 20, 2024
(in terawatt hours)
Characteristic
Estimated TWh per year
Minimum TWh per year
Jun 20, 2024
172.26
91.81
Jun 19, 2024
172.26
89.19
Jun 18, 2024
172.26
89.04
Jun 17, 2024
172.26
93.48
Jun 16, 2024
172.26
98.76
Jun 15, 2024
172.26
100.75
Jun 14, 2024
172.26
101.42
Jun 13, 2024
172.26
99.37
Jun 12, 2024
172.26
98.09
Jun 11, 2024
172.26
96.26
Jun 10, 2024
172.26
91.51
Jun 09, 2024
172.07
89.28
Jun 08, 2024
170.12
89.68
Jun 07, 2024
170.12
89.28
Jun 06, 2024
170.12
90.25
Jun 05, 2024
170.12
90.51
Jun 04, 2024
170.12
91.81
Jun 03, 2024
170.12
95.89
Jun 02, 2024
170.12
97.36
Jun 01, 2024
170.12
98.31
May 2024
170.12
98.81
Apr 2024
170.12
98.97
Mar 2024
159.52
94.27
Feb 2024
144.25
90.4
Jan 2024
137.68
87.3
Dec 2023
145.35
145.35
Nov 2023
137.98
137.98
Oct 2023
134.52
125.81
Sep 2023
122.59
115.36
Aug 2023
112.07
107.21
Jul 2023
106.57
104.56
Jun 2023
102.12
102.12
May 2023
105.03
105.03
Apr 2023
96.21
96.21
Mar 2023
100.18
100.18
Jan 2023
82.47
82.47
Dec 2022
67.36
67.36
Nov 2022
112.4
70.33
Oct 2022
134.83
76.13
Sep 2022
127.7
66.14
Aug 2022
131.71
65.9
Jul 2022
138.53
61.94
Jun 2022
129.63
62.29
May 2022
204.5
63.23
Apr 2022
204.5
65.54
Mar 2022
204.5
60.75
Feb 2022
204.5
60.39
Jan 2022
204.5
56.51
Dec 2021
204.5
52.69
Nov 2021
199.72
47.64
Oct 2021
184.59
47.25
Sep 2021
167.73
41.45
Aug 2021
155.15
39.73
Jul 2021
142.71
31.16
Jun 2021
134.06
28.85
May 2021
124.12
71.1
Apr 2021
108.49
47.1
Mar 2021
91.52
52.22
Feb 2021
77.78
51.22
Jan 2021
77.78
52.67
Dec 2020
77.78
47.48
Nov 2020
77.78
48.45
Oct 2020
76.64
49.86
Sep 2020
70.47
57.29
Aug 2020
68.34
53.74
Jul 2020
62.4
50.73
Jun 2020
59.5
47.15
May 2020
57.39
37.74
Apr 2020
76.98
46.52
Mar 2020
70.36
41.56
Feb 2020
77.78
49.84
Jan 2020
73.9
52.62
Dec 2019
73.12
41.91
Nov 2019
73.12
45.88
Oct 2019
73.12
51.64
Sep 2019
73.12
49.48
Aug 2019
73.12
44.01
Jul 2019
73.12
41.18
Jun 2019
69.59
38.87
May 2019
63.61
38.35
Apr 2019
57.97
36.46
Mar 2019
53
41.95
Feb 2019
48.3
44.23
Jan 2019
46.93
46.93
Dec 2018
45.81
45.81
Nov 2018
52.88
45.41
Oct 2018
73.12
55.53
Sep 2018
73.12
59.49
Aug 2018
73.12
57.11
Jul 2018
73.12
46.06
Jun 2018
71.12
43.67
May 2018
69.4
36.53
Apr 2018
63.99
31.84
Mar 2018
58.7
27.54
Feb 2018
52.48
25.71
Jan 2018
46.44
22.11
Dec 2017
36.68
15.53
Nov 2017
30.59
12.1
Oct 2017
24.05
12.43
Sep 2017
18.79
9.65
Aug 2017
16.37
5.6
Jul 2017
14.96
6.55
Jun 2017
13.72
4.9
May 2017
13.56
5.01
Apr 2017
11.36
3.92
Mar 2017
10.54
3.62
Feb 2017
10.19
3.68
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Digiconomist. (June 21, 2024). Bitcoin energy consumption worldwide from February 2017 to June 20, 2024 (in terawatt hours) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/881472/worldwide-bitcoin-energy-consumption/
Digiconomist. "Bitcoin energy consumption worldwide from February 2017 to June 20, 2024 (in terawatt hours)." Chart. June 21, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/881472/worldwide-bitcoin-energy-consumption/
Digiconomist. (2024). Bitcoin energy consumption worldwide from February 2017 to June 20, 2024 (in terawatt hours). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/881472/worldwide-bitcoin-energy-consumption/
Digiconomist. "Bitcoin Energy Consumption Worldwide from February 2017 to June 20, 2024 (in Terawatt Hours)." Statista, Statista Inc., 21 Jun 2024, https://www.statista.com/statistics/881472/worldwide-bitcoin-energy-consumption/
Digiconomist, Bitcoin energy consumption worldwide from February 2017 to June 20, 2024 (in terawatt hours) Statista, https://www.statista.com/statistics/881472/worldwide-bitcoin-energy-consumption/ (last visited October 31, 2024)
Bitcoin energy consumption worldwide from February 2017 to June 20, 2024 (in terawatt hours) [Graph], Digiconomist, June 21, 2024. [Online]. Available: https://www.statista.com/statistics/881472/worldwide-bitcoin-energy-consumption/