So how much energy does Bitcoin really use? The debate continues as founding member of Ethereum Anthony Donofrio says that Bitcoin is using “way too much” energy in response to a claim that it uses nearly 1% of the world’s electricity.
However the validity of the figures are in doubt.which estimated energy consumption figures at nearly 60% lower.
Data sourced from Digiconomist, which markets itself as a platform that “exposes the unintended consequences of digital trends,” has drawn criticism from blockchain industry professionals in the past. The most notable of which is fellow Ethereum developer Josh Stark who called out the publication for frequently presenting the worst-case scenario when it comes to blockchain technology.that questioned the accuracy of Digiconimist’s research methodology.
Where Digiconomist claims that Bitcoin currently consumes 204 terawatt hours worth of electricity per year, the University of Cambridge’s Bitcoin Electricity Consumption Index
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