Bitcoin mining energy consumption drops to two-month low Bitc | Bitcoin & Crypto Trading
Bitcoin mining energy consumption drops to two-month low
Bitcoin mining-related energy consumption dropped to a two-month low May 8 as rising power prices squeezed profitability. S&P Global Commodity Insights Bitcoin Energy Consumption Index estimated network energy consumption at 916.89 MWh/bitcoin May 8, or 412.6 GWh for a total of 450 bitcoin mined on the day, the lowest level since March 7, and down from the "post-halving" peak of 1,024 MWh/bitcoin April 20.
