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As of 2022, a non-peer-reviewed study by the Cambridge Centre for Alternative Finance (CCAF) estimated that bitcoin consumed 95.5 TWh (344 PJ) annually, representing 0.4% of the world's electricity consumption, ranking bitcoin mining between Belgium and the Netherlands in terms of electricity consumption. [8]
Cambridge University's Centre for Alternative Finance's (CCAF) latest research into bitcoin mining suggests the mix of sustainable electricity used is in decline.
The Cambridge Centre for Alternative Finance was established in 2015, ... The Cambridge Bitcoin Electricity Consumption Index (CBECI) ...
Studies have estimated the total energy consumption of cryptocurrency mining. [27] The PoW mechanism requires a vast amount of computing resources, which consume a significant amount of electricity. 2018 estimates from the University of Cambridge equate bitcoin's energy consumption to that of Switzerland. [5]
The EIA said it plans to launch a survey next week of select bitcoin miners, which will be required to respond with their energy use details, as part of an emergency data collection request ...
Currently, data centers account for about 1%-1.3% of global electricity consumption, versus crypto mining's roughly 0.4%, according to the International Energy Agency. That disparity is expected ...
In 2021, a study by Cambridge University determined that bitcoin (at 121 terawatt-hours per year) used more electricity than Argentina (at 121TWh) and the Netherlands (109TWh). [160] According to Digiconomist, one bitcoin transaction required 708 kilowatt-hours of electrical energy, the amount an average U.S. household consumed in 24 days.
Following last week's injunction, the EIA agreed to voluntarily suspend its emergency survey of energy use by 82 bitcoin mining companies until March 22, and sequester the data it has thus far ...