Power consumption of 13.5 TH/s Bitcoin miners (Antminer S9): 1,323 Watts. The Bitcoin network uses 2.55 gigawatts of power currently, and that looks set to more than double by the end of 2018 to 7.7 gigawatts, overtaking Austrian power requirements and bringing Bitcoin power usage to 0.5% of global electricity consumption.

That’s comparable to the total energy consumption … Blockchains Use Massive Amounts of Energy—But There’s a Plan to Fix That.
The electric energy consumption of the OECD countries in 2017 was 9,518 TWh and thus about 0.2% higher than in 2016. 4 of them would consume 5,292 Watts. Antminer S9 Power Consumption – Power Consumption Of ASIC Bitcoin Miners.

4 of them would consume 5,488 Watts.

The phenomenal computational power required to validate a transaction’s block on the Bitcoin Blockchain result in very high power consumption. According to the bitcoin energy consumption tracker at Digiconomist, bitcoin currently consumes 66.7 terawatt-hours per year. In the developed world, bitcoin mining consumes more power than the whole of Ireland.

A house was discovered within 300 meters where 130 bitcoin machines were seized, presumably illegally siphoning the electricity from the production plant for bitcoin … That would rank bitcoin as 61st if it were its own country.

The Bitcoin mining process involves powerful computers solving cryptographic problems.

World electricity consumption and production (2017 and 2018) In a recent report, the IEA reported a total worlds electric energy consumption in 2017 of 21,372 TWh, which is an increase of 2.6% in comparison to 2016. On April 29, 2016, Yushulin Oilfield Power Management Branch discovered abnormal power consumption in two wells and reported it to local police. Further Reading: How Bitcoin Works. The Antminer S9 consumes 1,372 Watts for the 14 TH/s batch. That's about 0.13 percent of total global electricity consumption, according to Digiconomist. The CBECI is maintained by the Cambridge Centre for Alternative Finance (CCAF) at Judge Business School, University of Cambridge. That would rank bitcoin as 61st if … However, due to the limited nature of the system, as the scope of the currency expands, more complex computation will be needed to procure Bitcoin, requiring more powerful computers consuming more time, thus increasing power consumption. If bitcoin were a country, it would rank at position 61 among countries with the highest power consumption. Making cryptocurrencies less energy-hungry will mean reengineering how blockchains work. The Cambridge Bitcoin Electricity Consumption Index (CBECI) provides a real-time estimate of the total electricity consumption of the Bitcoin network. Bitcoin power consumption: the high power consumption associated with Bitcoin has received increasing attention. Globally, bitcoin mining consuming much more power than 159 countries.


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