How Much Power Does Bitcoin Network Consume? Here’s What Glassnode Estimates

Here’s some data from Glassnode that reveals estimates related to the power consumption of the Bitcoin network, if all miners used the same mining machines.Bitcoin Network Best-Case Scenario Would Be 4.8x More Efficient Than Worst-CaseAs per the on-chain analytics firm Glassnode, the power estimates are based on the current hashrate of the BTC network. The “mining hashrate” is an indicator that measures the total amount of computing power connected to the Bitcoin blockchain right now.In the real world,