#### Bitcoin network power demand

*history*updated every 24 hours

#### Theoretical lower bound

## 5.80

GW

50.86

TWh

####
Estimated
*help*

## 13.32

GW

Annualised

consumption

consumption

*help*
116.73

TWh

#### Theoretical upper bound

## 25.37

GW

222.39

TWh

Note:a 7-day moving average is applied to reduce the effect of short-term hashrate volatility. The model begins on July 18th 2010 due to a lack of available price data for the prior period.

Note:monthly consumption figures are the sum of daily consumption figures calculated by assuming constant power usage over 24 hours at the daily best-guess estimate of Bitcoinâ€™s network power demand. The cumulative consumption is the sum of monthly totals since the start of the model on July 18th 2010. A separate analysis that ignores profitability considerations suggests that the cumulative consumption for the period between January 2009 and July 2010 has only amounted to 4.74 megawatt-hours (MWh), or 0.00000474 TWh â€“ a mere rounding error. It is therefore safe to assume that the cumulative consumption figure listed above provides a robust estimate of Bitcoinâ€™s total consumption since its inception in 2009.