The annual amount of energy spent by miners for Bitcoin, which is reaching an increasingly larger volume worldwide, was calculated. The energy spent on Bitcoin has surpassed the annual consumption of most countries.
Cambridge Bitcoin Electricity Consumption Index’According to the report, the amount of energy consumed for mining Bitcoin, which is among the important actors of the cryptocurrency exchanges, is increasing every year. According to the information in the report, the amount of electricity spent for Bitcoin mining in 2023 was 159.4 billion kilowatt-hours annually. This figure is more than the annual electricity expenditure of 167 countries.
A significant amount of energy is spent on Bitcoin, and when we look at it, it is the world’s least energy-consuming cryptocurrency. 167 countriesIt consumes less energy than the energy consumed for Bitcoin. According to UN records, there are already 206 in the world, and what is known is 208 states is available.
The energy spent on Bitcoin is a lot (but not that much)
Even if we count the small countries in between, this number does not increase much. From this perspective, the energy consumption for Bitcoin seems high. However, most of the countries on the list are smaller than a city in Turkey, and some countries are even smaller than some of our districts, and this should also be taken into consideration.
Even if we look at it from a different angle Annual energy consumption of televisions and refrigerators in the USA alone, More than the energy spent mining Bitcoin. Systems and air conditioners used for air conditioning consume 13.8 times more energy than Bitcoin.
What is the situation for Türkiye?
According to the latest 2022 figures announced by the Ministry of Energy and Natural Resources of the Republic of Turkey, electricity consumption in Turkey was 331.1 billion kilowatt-hours annually. In other words, the energy spent globally for Bitcoin will exceed Turkey’s annual electricity consumption in 2022. 51% happened. Researchers say that Turkey’s annual electricity consumption 284.25 billion kilowatt hours He stated that it was.
The battery of T10X, the longest-distance version of Togg on the market 88.5 kilowatt hours It can store electricity. The default range of the vehicle is 523 kilometers. In other words, we can charge our vehicles 1 billion 801 million 129 thousand 943 times with the energy spent for Bitcoin worldwide. This gives us A range of 941.991 billion kilometers gives. In other words, we can circumnavigate the Earth 23 million 549 thousand 774 times or make 605 trips back and forth to Jupiter. This distance is the distance traveled by the Voyager spacecraft, the farthest human-made object. more than 40 times It does. Here is the detailed information…