How much electricity does Bitcoin mining use?

Electricity used by Bitcoin
Electricity used by Bitcoin

According to the Cambridge Bitcoin Electricity Consumption Index, the Bitcoin mining currently consumes 130.51 terawatt-hours (TWh) a year.

This is more electricity than units consumed by countries like Argentina and Ukraine.

The energy consumption is set to increase with Bitcoin price.

The mining process involves solving complex series of algorithms after which a Bitcoin is awarded to a computer.

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