The global electricity consumption related to Bitcoin is equivalent to the power of 7 nuclear power plants

Recently the Centre for Alternative Finance (CCAF) of the University of Cambridge released a research report detailing how much energy the mining industry has consumed so far this year.

The report shows that so far this year, global Bitcoin-related electricity consumption has reached a record high, consuming more than 7GW (gigawatts) of electricity, which is equivalent to the power of 7 nuclear power plants or 21.8 million solar cells.

CCAF also announced the value of the hash rate index used to quantify the total amount of global processing capacity dedicated to mining virtual currencies. It has reached 120EH/s, but analysts said that this number can only be more in the future, It is impossible to reduce.

In terms of the contribution of a single country to this data, China is in the leading position, accounting for 65.08%, the United States accounting for 7.24%, and Russia accounting for 6.9%, ranking second and third respectively.

Of course, the report also mentions that the energy used for mining does not necessarily pollute the environment, because if it is solar power generation, it will hardly produce any environmentally polluting substances, but CCAF also frankly stated that most of the current mine did not disclose in detail the type of energy they use.

However, according to the overall data, there are more and more miners or mines mining through renewable energy power, so the possibility of environmental pollution due to mining will become less and less.

Via: Engadget