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The process of mining a single bitcoin relies on an energy-intensive process that demands substantial amounts of electricity. With the increasing complexity of mining algorithms, the energy requirements have skyrocketed. On average, mining one bitcoin consumes approximately 650 kWh, which equals the typical monthly electricity consumption of an American household.
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Sep 3, 2021 — The process of creating Bitcoin to spend or trade consumes around 91 terawatt-hours of electricity annually, more than is used by Finland,
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Oct 30, 2024 — It is estimated at 155 TWh per year to 172 TWh per year
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