More Energy Than ______ Country!?! ⚡₿⚡ Bitcoin's MASSIVE Use Of Energy | Hashpower Academy

Dive into the world of Bitcoin mining and its global energy impact in this episode of HashPower Academy! We explore how Bitcoin, as a planetary-scale monetary asset backed by energy, is transforming stranded renewable projects into profitable ventures through wireless access to financial markets.

In this video, we break down:

– The current Bitcoin network hash rate (around 1050 EH/s) and how it’s calculated from difficulty adjustments.
– Average mining efficiency (like the S19 XP model at 21 J/TH) leading to a power demand of about 22 GW – equivalent to 22 full-scale nuclear power plants or over a thousand hydropower dams!
– Annual energy consumption estimates from the Cambridge Bitcoin Electricity Consumption Index, totaling around 232 TWh – matching Spain’s entire energy use.
– The polarity in mining: Efficient new machines on pricier power vs. older, inefficient ones on cheap or free energy sources.
– Why Bitcoin isn’t “magic internet money backed by nothing” – it’s powered by real, nation-level energy.

Whether you’re a Bitcoin newbie or a mining enthusiast, this video reveals the energy economics behind BTC and why it’s worth exploring beyond the 21 million supply cap.

Check out the Cambridge Bitcoin Electricity Consumption Index for more data: https://ccaf.io/cbnsi/cbeci

If you enjoyed this, like, subscribe, and share with friends who need a fresh perspective on Bitcoin! Drop a comment: What’s your take on Bitcoin’s energy use?
#Bitcoin #Crypto #Mining #Energy

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*Affiliate Links to support the Hashpower Academy,*
By exploring Products, Markets & Services across the Bitcoin Ecosystem:

*Wallets – for Self Custody*
Trezor: https://affil.trezor.io/SHpa
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*Platforms to Explore*
An Affiliate I am VERY much looking forward to discussing with videos to come soon!
I will be exploring the many charts they have and offering my perspectives.
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Start Mining Now:
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Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.