Beautiful Virgin Islands

Tuesday, Jun 03, 2025

How Does Bitcoin’s Energy Use Compare To Other Major Industries

How Does Bitcoin’s Energy Use Compare To Other Major Industries

Hass McCook, who previously wrote about Bitcoin's energy consumption compared to banking, gold and military industries, in a recent article takes a a look at how the data of Bitcoin’s much debated energy use compares to other industries such as construction, transportation or healthcare.

As a civil engineer still working in the construction industry full-time, the burgeoning Bitcoin ecosystem is not an environment where I can easily make any significant impact in terms of technological development or coding. That said, there are several civil engineering skills that transfer over to the Bitcoin space, mainly, environmental analysis and strong knowledge of the built environment and traditional commodity mining, which is where I initially found my niche in the Bitcoin space back in 2014.

If you were wondering why I’d only previously compared Bitcoin to banking, gold and the military industrial complex, and not more industries and sectors such as my very own building and construction sector, or even healthcare or transport (road, rail, air and sea) for that matter, then today’s your lucky day! Let’s have a look at some data on all of the above.

HOW MUCH ENERGY IS BITCOIN CONSUMING?

For context, at time of writing, the Cambridge Bitcoin Energy Consumption Index (CBECI) estimates Bitcoin’s annual energy use at 79 terawatt hours (TWh).

The next question is one of carbon intensity. In a previous article, I calculated the carbon intensity of the Bitcoin network to be around 420 grams of CO2 per kilowatt hour (kWh) based on data from Cambridge’s “3rd Global Cryptoasset Benchmarking Study.” However, this was long before the Chinese mining exodus happened in June and July 2021, where almost half of the entire network unplugged its mostly coal-powered rigs.

Read the full article: How Does Bitcoin’s Energy Use Compare To Other Major Industries – Fintechs.fi

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
U.S. SEC Dismisses Lawsuit Against Binance Amid Regulatory Shift
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
Italy Faces Population Decline Amid Youth Emigration
×