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Bitcoin halving reduced electricity consumption by 24%

From fxstreet.com

Shortly after the Bitcoin halving, the total energy consumption of BTC miners fell by almost a quarter, according to the data, provided by Digiconomist. Bitcoin Energy Consumption Index shoes that Bitcoin miners consumed about 77.78 TWh/year before the halving. By the time of writing the figure has retreated to 57.9 TWh/year. Most likely, a sharp drop in power consumption was caused by Bitcoin halving consequences as a lot of miners were forced to disconnect their less effective equipment to avoid losses. Antminer devices are inefficient According to the calculator from F2Pool, mining on popular devices by Bitmain, ... (full story)

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  • Category: Fundamental Analysis