Bitcoin's power consumption this year has already surpassed all of 2020's
A new study suggests that Bitcoin has already used more power so far this year than it did in all of 2020. By the end of the year, the Bitcoin network will have consumed 91 TW/h (terawatt-hours or one trillion watts per hour) and it has already consumed more than the estimated 67 TW/h for […]
Signs the Bitcoin hashrate is starting to move away from China
Although the majority of Bitcoin mining is still based in China, there are signs it is beginning to shift elsewhere. Chun Wang, the co-founder of one of Bitcoin’s largest mining pools, F2Pool, reported that China represented less than half of its hash rate during April 2020. Wung noted it was the first time the pool […]