⚡Global Bitcoin Mining Electricity Consumption⚡

⛏️ Bitcoin mining is a process that requires a large amount of energy due to the complexity of the mathematical calculations necessary to validate transactions.

📊 According to recent estimates, the global energy consumption of Bitcoin is around 138 TWh/year, which is approximately 0.54% of the world's energy consumption.

🌐 Comparison with Countries:

This consumption is similar to that of Norway (135 TWh) and Sweden (137 TWh).

At its peak, Bitcoin mining has consumed up to 148.87 TWh, representing more than 50% of Spain's annual electricity demand.

🔎 Where does this energy come from?

52.4% comes from sustainable sources such as hydroelectric, wind, nuclear, and solar.

38.2% comes from fossil fuels, mainly natural gas.

Why is so much energy needed?

The Bitcoin mining system uses the Proof of Work mechanism, where miners must solve complex mathematical problems to validate transactions.

The higher the value of Bitcoin, the greater the incentive to mine it, which increases energy consumption.

♻️ Environmental Impact and Future.

Despite its high energy consumption, Bitcoin mining is evolving towards more sustainable sources.

With the advancement of more efficient technologies and the use of renewable energy, the environmental impact could be reduced in the coming years.

🤔 What do you think about Bitcoin's energy consumption? Do you think it should be regulated more? The infographic created provides the energy expenditure in cost per mined unit of Bitcoin for each country.

I look forward to hearing from you. Always.