{"id":775,"date":"2020-11-29T09:32:26","date_gmt":"2020-11-29T09:32:26","guid":{"rendered":"https:\/\/adavault.com\/?p=775"},"modified":"2020-11-30T13:08:48","modified_gmt":"2020-11-30T13:08:48","slug":"bitcoin-power-consumption","status":"publish","type":"post","link":"https:\/\/dev.adavault.com\/index.php\/2020\/11\/29\/bitcoin-power-consumption\/","title":{"rendered":"Bitcoin Power Consumption"},"content":{"rendered":"\n

Some really nice work on the energy consumption of Bitcoin<\/a> from the Cambridge Centre for Alternative Finance at Cambridge University.<\/p>\n\n\n\n

The current estimate is 10GW, with a lower bound of 3.94GW, and upper bound of 16.78GW. That’s\u00a05 orders of magnitude higher <\/strong>than Cardano.<\/p>\n\n\n\n

If we assume approximately 50W per pool (reasonable for an efficient modern hardware stack), times 500 pools = 25000W = 25KW total consumption<\/strong>. We could assume a lower bound of 10KW and upper bound of 50KW which would take into account that the pool number will increase to a 1000 in March 2021.<\/p>\n\n\n\n

Worth taking a look at the Cambridge model<\/a>, one of the more robust.<\/p>\n\n\n\n

Theres also a very nice mining map showing the hash rate distribution globally. As mentioned previously on this blog there is a significant representation in China.<\/p>\n\n\n\n

\"\"
https:\/\/cbeci.org\/mining_map<\/a><\/figcaption><\/figure>\n\n\n\n

They break down the data for China by provinces, Xinjiang provides 35%.<\/p>\n\n\n\n

For the record the ADAvault<\/strong> stack runs under 100W. It’s based on the latest generation Intel hardware, EVO970+ M2 SSD drives, the firewalls are using ARM chipsets and custom ASICs, and even with 2 clusters (active and passive, 3 nodes\/cluster) the average power load is around 50W (peaking at points such as Epoch boundaries). ADAvault<\/strong> runs completely on a renewable green energy tariff.<\/p>\n","protected":false},"excerpt":{"rendered":"

Some really nice work on the energy consumption of Bitcoin from the Cambridge Centre for Alternative Finance at Cambridge University. The current estimate is 10GW, with a lower bound of 3.94GW, and upper bound of 16.78GW. That’s\u00a05 orders of magnitude higher than Cardano. If we assume approximately 50W per pool (reasonable for an efficient modern…<\/p>\n","protected":false},"author":1,"featured_media":776,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[21,68,27,70,69,67],"class_list":["post-775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting-links","tag-bitcoin","tag-cambridge-centre-for-alternative-finance","tag-cardano","tag-global-hash-map","tag-model","tag-power-consumption"],"yoast_head":"\nBitcoin Power Consumption - ADAvault<\/title>\n<meta name=\"description\" content=\"The ADAvault blog\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.adavault.com\/index.php\/2020\/11\/29\/bitcoin-power-consumption\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Power Consumption - 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