Bitcoin’s energy use plunges to one-year low1 min read 26 Jun 2022, 10:33 PM IST
‘Energy consumption of Bitcoin dropped from around 204.5 TWh (terawatt-hour) per year earlier this month, to a low of 130.5 TWh on 19 June, the lowest level in the past year. This marked a decline of over 36% in the energy consumption of the blockchain network’
NEW DELHI : Energy consumption of the Bitcoin blockchain network, which has been a concern for many, has fallen by up to 35% amid the ongoing ‘crypto winter’, according to trackers who compile information on how much energy Bitcoin transactions consume.
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