💡💡💡At a stable hashrate of 360 EH/s, the Bitcoin network, assuming it was solely operated with S19 Pro ASICs, consumes about 93,233 terawatt-hours (TWh) per year. That's approximately 35% of the estimated energy consumption of the entire global banking system (263.72 TWh). To put that in tangible terms: it's as if every person on Earth was driving an average electric car (consuming about 15 kWh/100 km) non-stop for around 2 weeks! #Bitcoin #EnergyConsumption

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However, the energy consumption does already come from a significant amount of renewable energy, and moreover, miners have to try to operate mining as cheaply as possible for cost reasons.

#Bitcoin #Mining