Try our corporate solution for free!
(212) 419-8286
hadley.ward@statista.com

Energy consumption of a Bitcoin (BTC, BTH) and VISA transaction as of April 14, 2021

The average energy consumption for one single Bitcoin transaction in 2021 could several hundreds of thousands of VISA card transactions. This according to a source that tries to estimate the energy consumption of both Bitcoin (BTC) as well as Bitcoin (BTH). It does by assuming that miner costs and income are the same thing: The higher the miner 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 average energy consumption per transaction compared to that of VISA as of April 14, 2021

Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

April 2021

Region

Worldwide

Survey time period

April 14, 2021

Age group

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "Cryptomining"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.