Bitcoin's Energy Consumption: Key Facts

Energy Consumption in 2023

In 2023, Bitcoin mining consumed approximately 12113 TWh of energy.

Distribution of Mining Operations

China as the Global Leader

Currently, over 65 percent of Bitcoin miners operate in China, followed by the USA and Russia.

Estimated Consumption for 2023

The mining-related electricity consumption for Bitcoin alone is estimated to reach 1251 TWh in 2023.

Sustainable Electricity Mix

Based on available data, it is estimated that the global Bitcoin mining industry's sustainable electricity mix is approximately 52.5%.

Energy Security Concerns

While energy is essential for securing the Bitcoin network, mining operations often face criticism due to their high energy consumption and the potential environmental impact.