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Bitcoinist

2022-12-22 14:30:45

How Much Power Does Bitcoin Network Consume? Here’s What Glassnode Estimates

How Much Power Does Bitcoin Network Consume? Here’s What Glassnode Estimates

Here’s some data from Glassnode that reveals estimates related to the power consumption of the Bitcoin network, if all miners used the same mining machines. Bitcoin Network Best-Case Scenario Would Be 4.8x More Efficient Than Worst-Case As per the on-chain analytics firm Glassnode, the power estimates are based on the current hashrate of the BTC

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