Bitcoin network power demand falls to 10.65GW as hash rate sees 14% drop

2022.06.25 19:11

Bitcoin network power demand falls to 10.65GW as hash rate sees 14% drop

The overall power consumption of the Bitcoin (BTC) network recorded a drastic drop after mimicking the two-week-long fall in the mining hash rate, which reduced the commuting power for mining BTC blocks to 199.225 exahash per second (EH/s).

According to the data shared by the Cambridge Centre for Alternative Finance, the Bitcoin network recorded the year 2022’s lowest power demand of 10.65 gigawatts (GW). At its peak, the BTC network demanded 16.09 GW of power.

Bitcoin network power demand from 2018-2022. Source: ccaf.ioBitcoin hash rate graph for 2022. Source: blockchain.com

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