05/01/2022
A single Bitcoin transaction requires an average of 1,173 Kilowatt Hours (kWh), enough to power a typical UK home for more than three months.
Bitcoin seems to be the most power demanding crypto, with an average of 1,1173 Kilowatt Hours (kWh) for a single transaction, according to data from MoneySuperMarket.com.
Judging by the number of transactions that have taken place in the last 12 months, it is estimated that Bitcoin transactions have consumed 123 Terawatt Hours (TWh) or 123 billion kWh of energy.
That's more energy consumed than 185 countries and is comparable to the annual energy consumption of Norway.
The cost of this carbon footprint is also in the billions, with Bitcoin’s annual energy bill clocking in a whopping $11.03 billion — roughly the same as the GDP of the Bahamas.
Source: Metro 2022