How much electricity does bitcoin mining use

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December 9, 2017 ·. How much electricity does bitcoin really use? Bitcoin energy boom stamps down colossal carbon footprint. Few people use bitcoin to buy anything — but everyone pays for its environmental impact. Does mining the cryptocurrency actually consume more electricity than… 6 Likes1 Comment.

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Dec 19, 2017 The cryptocurrency might be on pace to use as much energy as the entire United States. One widely cited estimate says “mining” the cryptocurrency consumes more power than the whole of Ireland. [Image: Andrey_A/iStock] The questions are these, then: Does bitcoin really use that much energy?