Bitcoin’s Energy Consumption Drops By A Quarter Following Crypto Crash
The Bitcoin Grid power consumption fell to 11 GW yesterday, down 27% from 15 GW in April, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI). The index, which estimates how much energy Bitcoin uses minors, is managed by the Cambridge Center for Alternative Finance (CCAF). The CCAF estimates prices by determining a hypothetical maximum … Read more