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One of the conclusions of the BMC’s ‘Global Bitcoin Mining Data Review’ for Q3 2022 is that global BTC mining consumes only 0.16% of the world’s energy production, as presented in a video streamed on October 18.<br />According to the BMC founder and former MicroStrategy CEO Michael Saylor:<br />“Bitcoin uses an inconsequential amount of global energy. The number this quarter is 16 basis points (bps) of the world’s energy or 0.16%.”<br />Specifically, the total amount of energy utilized worldwide is 165,317 TWh, whereas BTC mining only uses 266 TWh of that energy. In Saylor’s words, one-third of the total global energy use is actually wasted energy, it is not possible to utilize it, with Bitcoin accounting for “just a small fraction” of this.

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【Bitcoin mining now consumes 0.16% of the global energy production】One of the conclusions of the BMC’s ‘Global Bitcoin Mining Data Review’ for Q3 2022 is that global BTC mining consumes only 0.16% of the world’s energy production, as presented in a video streamed on October 18.
According to the BMC founder and former MicroStrategy CEO Michael Saylor:
“Bitcoin uses an inconsequential amount of global energy. The number this quarter is 16 basis points (bps) of the world’s energy or 0.16%.”
Specifically, the total amount of energy utilized worldwide is 165,317 TWh, whereas BTC mining only uses 266 TWh of that energy. In Saylor’s words, one-third of the total global energy use is actually wasted energy, it is not possible to utilize it, with Bitcoin accounting for “just a small fraction” of this.

Bitcoin mining now consumes 0.16% of the global energy production

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