{"id":66466,"date":"2022-08-30T10:43:01","date_gmt":"2022-08-30T07:43:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66466"},"modified":"2025-09-07T01:28:44","modified_gmt":"2025-09-06T22:28:44","slug":"debunking-the-myths-how-bad-is-bitcoin-for-the-environment","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/debunking-the-myths-how-bad-is-bitcoin-for-the-environment\/","title":{"rendered":"Debunking the myths: How bad is Bitcoin for the environment?"},"content":{"rendered":"<p>Global debates over Bitcoin mining&#8217;s energy intensity and its impact on the environment continue to rage.<\/p>\n<p><!--more--><\/p>\n<p>In December 2021, US Senator Elizabeth Warren <a href=\"https:\/\/u1f987.com\/en\/news\/us-senator-elizabeth-warren-asks-greenidge-generation-for-data-on-minings-environmental-impact\">expressed the view<\/a> that the electricity consumption involved in mining digital gold is comparable to the figures for Denmark, Chile, Argentina and the state of Washington. In early 2022, she <a href=\"https:\/\/u1f987.com\/en\/news\/us-senator-requests-data-from-mining-companies-on-environmental-impact\">requested<\/a> data from six mining companies on environmental impact.<\/p>\n<p>In June, the Swedish central bank <a href=\"https:\/\/u1f987.com\/en\/news\/swedens-central-bank-urges-ban-on-bitcoin-for-environmental-reasons\">urged<\/a> a ban on Bitcoin and other cryptocurrencies mined using <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-proof-of-work-pow-algorithm\">Proof-of-Work (PoW)<\/a>, due to environmental impact. According to the bank&#8217;s report, the energy consumption of this mining method is equivalent to that of 200,000 households.<\/p>\n<p>It is possible that, after <a href=\"https:\/\/u1f987.com\/en\/news\/the-merge-what-to-expect-from-ethereums-largest-update\">The Merge in the Ethereum network<\/a>, environmental debates will flare up anew \u2014 Bitcoin, the largest PoW cryptocurrency, will be criticised even more.<\/p>\n<p>How large is Bitcoin&#8217;s energy consumption globally? What will it be in the coming decades if the price of the first cryptocurrency rises to $2 million? Armed with analytical materials <a href=\"https:\/\/arcane.no\/research\/how-much-energy-will-bitcoin-consume-in-the-future\">Arcane Research<\/a> and the Cambridge Centre for Alternative Finance (CCAF) materials, ForkLog determined Bitcoin&#8217;s share of global energy consumption and its long-term growth prospects.<\/p>\n<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>Debates over the environmental impact of mining continue around the world.<\/li>\n<li>The energy efficiency of cryptocurrency mining improves over time, and the share of green energy in the mining industry increases.<\/li>\n<li>Contrary to critics&#8217; views, Bitcoin&#8217;s energy consumption globally is not large, but in the coming decades the situation could change substantially.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">Between Kazakhstan and Pakistan<\/h2>\n<p>CCAF&#8217;s site presents intriguing comparisons aimed at giving a sense of Bitcoin&#8217;s energy appetite.<\/p>\n<p>For example, the energy consumption of the Bitcoin network is comparable to the same measure for gold mining.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"663\" height=\"291\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/bitcoin-vs-gold.png\" alt=\"\u0420\u0430\u0437\u0432\u0435\u043d\u0447\u0438\u0432\u0430\u044f \u043c\u0438\u0444\u044b: \u0442\u0430\u043a \u043b\u0438 \u0441\u0442\u0440\u0430\u0448\u0435\u043d \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0434\u043b\u044f \u044d\u043a\u043e\u043b\u043e\u0433\u0438\u0438?\" class=\"wp-image-183195\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/bitcoin-vs-gold.png 663w, https:\/\/u1f987.com\/wp-content\/uploads\/bitcoin-vs-gold-300x132.png 300w\" sizes=\"auto, (max-width: 663px) 100vw, 663px\" \/><figcaption>\u0421\u0435\u0442\u044c \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u043f\u043e\u0442\u0440\u0435\u0431\u043b\u044f\u0435\u0442 \u043d\u0430 26% \u043c\u0435\u043d\u044c\u0448\u0435 \u044d\u043b\u0435\u043a\u0442\u0440\u043e\u044d\u043d\u0435\u0440\u0433\u0438\u0438, \u0447\u0435\u043c \u0433\u043b\u043e\u0431\u0430\u043b\u044c\u043d\u0430\u044f \u0437\u043e\u043b\u043e\u0442\u043e\u0434\u043e\u0431\u044b\u0447\u0430. \u0414\u0430\u043d\u043d\u044b\u0435: <a href=\"https:\/\/ccaf.io\/cbeci\/index\/comparisons\">CCAF<\/a>.<\/figcaption><\/figure>\n<p>\u0421\u0430\u0439\u0442 \u043f\u043e\u0437\u0432\u043e\u043b\u044f\u0435\u0442 \u0441\u0440\u0430\u0432\u043d\u0438\u0442\u044c \u044d\u043d\u0435\u0440\u0433\u043e\u043f\u043e\u0442\u0440\u0435\u0431\u043b\u0435\u043d\u0438\u0435 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u0441 \u0440\u0430\u0437\u043b\u0438\u0447\u043d\u044b\u043c\u0438 \u043e\u0442\u0440\u0430\u0441\u043b\u044f\u043c\u0438 \u0438 \u0441\u0435\u0433\u043c\u0435\u043d\u0442\u0430\u043c\u0438 \u2014 \u043d\u0430\u043f\u0440\u0438\u043c\u0435\u0440, \u0441\u043e \u0432\u0441\u0435\u043c\u0438 \u0445\u043e\u043b\u043e\u0434\u0438\u043b\u044c\u043d\u0438\u043a\u0430\u043c\u0438 \u0438 \u0442\u0435\u043b\u0435\u0432\u0438\u0437\u043e\u0440\u0430\u043c\u0438 \u0432 \u0421\u0428\u0410 \u0438\u043b\u0438 \u0441 \u0433\u043b\u043e\u0431\u0430\u043b\u044c\u043d\u044b\u043c \u043f\u0440\u043e\u0438\u0437\u0432\u043e\u0434\u0441\u0442\u0432\u043e\u043c \u0446\u0435\u043c\u0435\u043d\u0442\u0430.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"785\" height=\"515\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/segments.png\" alt=\"\u0420\u0430\u0437\u0432\u0435\u043d\u0447\u0438\u0432\u0430\u044f \u043c\u0438\u0444\u044b: \u0442\u0430\u043a \u043b\u0438 \u0441\u0442\u0440\u0430\u0448\u0435\u043d \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0434\u043b\u044f \u044d\u043a\u043e\u043b\u043e\u0433\u0438\u0438?\" class=\"wp-image-183196\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/segments.png 785w, https:\/\/u1f987.com\/wp-content\/uploads\/segments-300x197.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/segments-768x504.png 768w\" sizes=\"auto, (max-width: 785px) 100vw, 785px\" \/><figcaption>\u0421\u0435\u0442\u044c \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u043f\u043e\u0442\u0440\u0435\u0431\u043b\u044f\u0435\u0442 \u0431\u043e\u043b\u044c\u0448\u0435 \u044d\u043b\u0435\u043a\u0442\u0440\u043e\u044d\u043d\u0435\u0440\u0433\u0438\u0438, \u0447\u0435\u043c \u0432\u0441\u0435 \u0445\u043e\u043b\u043e\u0434\u0438\u043b\u044c\u043d\u0438\u043a\u0438 \u0438 \u0442\u0435\u043b\u0435\u0432\u0438\u0437\u043e\u0440\u044b \u0432 \u0421\u0428\u0410; \u043d\u043e \u043f\u043e\u0447\u0442\u0438 \u0432 \u0447\u0435\u0442\u044b\u0440\u0435 \u0440\u0430\u0437\u0430 \u043c\u0435\u043d\u044c\u0448\u0435, \u0447\u0435\u043c \u0433\u043b\u043e\u0431\u0430\u043b\u044c\u043d\u043e\u0435 \u043f\u0440\u043e\u0438\u0437\u0432\u043e\u0434\u0441\u0442\u0432\u043e \u0446\u0435\u043c\u0435\u043d\u0442\u0430. \u0414\u0430\u043d\u043d\u044b\u0435: <a href=\"https:\/\/ccaf.io\/cbeci\/index\/comparisons\">CCAF<\/a>.<\/figcaption><\/figure>\n<p>\u041f\u043e \u0443\u0440\u043e\u0432\u043d\u044e \u044d\u043d\u0435\u0440\u0433\u043e\u043f\u043e\u0442\u0440\u0435\u0431\u043b\u0435\u043d\u0438\u044f \u0441\u0435\u0442\u044c \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u0441\u043e\u043f\u043e\u0441\u0442\u0430\u0432\u0438\u043c\u0430 \u0441 \u0442\u0430\u043a\u0438\u043c\u0438 \u0441\u0442\u0440\u0430\u043d\u0430\u043c\u0438, \u043a\u0430\u043a \u0424\u0438\u043b\u0438\u043f\u043f\u0438\u043d\u044b, \u041a\u0430\u0437\u0430\u0445\u0441\u0442\u0430\u043d, \u041f\u0430\u043a\u0438\u0441\u0442\u0430\u043d \u0438 \u041d\u0438\u0434\u0435\u0440\u043b\u0430\u043d\u0434\u044b.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"272\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/countries-1024x272.png\" alt=\"\u0420\u0430\u0437\u0432\u0435\u043d\u0447\u0438\u0432\u0430\u044f \u043c\u0438\u0444\u044b: \u0442\u0430\u043a \u043b\u0438 \u0441\u0442\u0440\u0430\u0448\u0435\u043d \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0434\u043b\u044f \u044d\u043a\u043e\u043b\u043e\u0433\u0438\u0438?\" class=\"wp-image-183197\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/countries-1024x272.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/countries-300x80.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/countries-768x204.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/countries.png 1229w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>\u0414\u0430\u043d\u043d\u044b\u0435: <a href=\"https:\/\/ccaf.io\/cbeci\/index\/comparisons\">CCAF<\/a>.<\/figcaption><\/figure>\n<p>\u041f\u043e\u043a\u0430\u0437\u0430\u0442\u0435\u043b\u044c \u0432 \u043f\u043e\u0447\u0442\u0438 100 \u0422\u0412\u0442\u22c5\u0447 \u043c\u043e\u0436\u0435\u0442 \u043f\u043e\u043a\u0430\u0437\u0430\u0442\u044c\u0441\u044f \u0432\u043f\u0435\u0447\u0430\u0442\u043b\u044f\u044e\u0449\u0438\u043c. \u041e\u0434\u043d\u0430\u043a\u043e \u0432 \u0433\u043b\u043e\u0431\u0430\u043b\u044c\u043d\u043e\u043c \u043c\u0430\u0441\u0448\u0442\u0430\u0431\u0435 \u043e\u043d \u043d\u0435 \u0442\u0430\u043a \u0443\u0436 \u0432\u0435\u043b\u0438\u043a \u2014 \u043c\u0435\u043d\u0435\u0435 1% \u043e\u0442 \u043e\u0431\u044a\u0435\u043c\u0430 \u043c\u0438\u0440\u043e\u0432\u043e\u0433\u043e \u043f\u043e\u0442\u0440\u0435\u0431\u043b\u0435\u043d\u0438\u044f.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"609\" height=\"488\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Global-share.png\" alt=\"\u0420\u0430\u0437\u0432\u0435\u043d\u0447\u0438\u0432\u0430\u044f \u043c\u0438\u0444\u044b: \u0442\u0430\u043a \u043b\u0438 \u0441\u0442\u0440\u0430\u0448\u0435\u043d \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0434\u043b\u044f \u044d\u043a\u043e\u043b\u043e\u0433\u0438\u0438?\" class=\"wp-image-183198\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Global-share.png 609w, https:\/\/u1f987.com\/wp-content\/uploads\/Global-share-300x240.png 300w\" sizes=\"auto, (max-width: 609px) 100vw, 609px\" \/><figcaption>\u0414\u0430\u043d\u043d\u044b\u0435: <a href=\"https:\/\/ccaf.io\/cbeci\/index\/comparisons\">CCAF<\/a>.<\/figcaption><\/figure>\n<p>\u0415\u0449\u0435 \u043f\u0440\u0438\u043c\u0435\u0440: \u044d\u043d\u0435\u0440\u0433\u0438\u0438, \u0432\u044b\u0440\u0430\u0431\u043e\u0442\u0430\u043d\u043d\u043e\u0439 \u043f\u0440\u0438 \u0441\u0436\u0438\u0433\u0430\u043d\u0438\u0438 \u0444\u0430\u043a\u0435\u043b\u044c\u043d\u043e\u0433\u043e \u0433\u0430\u0437\u0430, \u0445\u0432\u0430\u0442\u0438\u043b\u043e \u0431\u044b \u0434\u043b\u044f \u043e\u0431\u0435\u0441\u043f\u0435\u0447\u0435\u043d\u0438\u044f \u0440\u0430\u0431\u043e\u0442\u044b \u0441\u0435\u043c\u0438 \u0441\u043e\u043f\u043e\u0441\u0442\u0430\u0432\u0438\u043c\u044b\u0445 \u0441 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u043e\u043c \u0441\u0435\u0442\u0435\u0439.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"361\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/gas-flaring-1024x361.png\" alt=\"\u0420\u0430\u0437\u0432\u0435\u043d\u0447\u0438\u0432\u0430\u044f \u043c\u0438\u0444\u044b: \u0442\u0430\u043a \u043b\u0438 \u0441\u0442\u0440\u0430\u0448\u0435\u043d \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0434\u043b\u044f \u044d\u043a\u043e\u043b\u043e\u0433\u0438\u0438?\" class=\"wp-image-183199\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/gas-flaring-1024x361.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/gas-flaring-300x106.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/gas-flaring-768x271.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/gas-flaring.png 1188w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>\u0414\u0430\u043d\u043d\u044b\u0435: <a href=\"https:\/\/ccaf.io\/cbeci\/index\/comparisons\">CCAF<\/a>.<\/figcaption><\/figure>\n<p>\u0421\u043e\u0433\u043b\u0430\u0441\u043d\u043e \u0434\u0430\u043d\u043d\u044b\u043c Bitcoin Mining Council (BMC), \u044d\u043d\u0435\u0440\u0433\u043e\u043f\u043e\u0442\u0440\u0435\u0431\u043b\u0435\u043d\u0438\u0435 \u043c\u0430\u0439\u043d\u0438\u043d\u0433\u0430 <a href=\"https:\/\/u1f987.com\/en\/news\/report-bitcoin-mining-energy-efficiency-up-46-year-on-year\">\u043f\u043e\u0432\u044b\u0448\u0430\u0435\u0442\u0441\u044f<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/study-finds-56-share-of-green-energy-in-bitcoin-mining-industry\">\u0443\u0432\u0435\u043b\u0438\u0447\u0438\u0432\u0430\u0435\u0442\u0441\u044f \u0438 \u0434\u043e\u043b\u044f \u0437\u0435\u043b\u0435\u043d\u043e\u0439 \u044d\u043d\u0435\u0440\u0433\u0438\u0438<\/a> \u0432 \u0438\u043d\u0434\u0443\u0441\u0442\u0440\u0438\u0438 \u0434\u043e\u0431\u044b\u0447\u0438 \u0446\u0438\u0444\u0440\u043e\u0432\u043e\u0433\u043e \u0437\u043e\u043b\u043e\u0442\u0430. \u0412\u043f\u0440\u043e\u0447\u0435\u043c, \u0435\u0441\u0442\u044c \u0438 \u043d\u0435\u043c\u0430\u043b\u043e \u043a\u0440\u0438\u0442\u0438\u043a\u043e\u0432 BMC, <a href=\"https:\/\/u1f987.com\/en\/news\/crypto-community-criticises-study-on-green-energy-share-in-bitcoin-mining\">\u0441\u043e\u043c\u043d\u0435\u0432\u0430\u044e\u0449\u0438\u0445\u0441\u044f \u0432 \u043e\u0431\u044a\u0435\u043a\u0442\u0438\u0432\u043d\u043e\u0441\u0442\u0438 \u043f\u043e\u0434\u043e\u0431\u043d\u044b\u0445 \u0438\u0441\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u043d\u0438\u0439<\/a>.<\/p>\n<h2 class=\"wp-block-heading\">\u0421\u043a\u043e\u043b\u044c\u043a\u043e \u0441\u0435\u0442\u044c \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u0431\u0443\u0434\u0435\u0442 \u043f\u043e\u0442\u0440\u0435\u0431\u043b\u044f\u0442\u044c \u0432 \u0431\u0443\u0434\u0443\u0449\u0435\u043c?<\/h2>\n<p>\u0412 \u0434\u043e\u043b\u0433\u043e\u0441\u0440\u043e\u0447\u043d\u043e\u0439 \u043f\u0435\u0440\u0441\u043f\u0435\u043a\u0442\u0438\u0432\u0435 \u0446\u0435\u043d\u0430 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u0441\u0442\u0440\u0435\u043c\u0438\u0442\u0441\u044f \u043a \u0440\u043e\u0441\u0442\u0443. \u042d\u0442\u043e \u043e\u0431\u0443\u0441\u043b\u043e\u0432\u043b\u0435\u043d\u043e \u0436\u0435\u0441\u0442\u043a\u043e \u043e\u0433\u0440\u0430\u043d\u0438\u0447\u0435\u043d\u043d\u044b\u043c \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u0438\u0435\u043c, \u0440\u0430\u0441\u0442\u0443\u0449\u0438\u043c \u043f\u0440\u0438\u043d\u044f\u0442\u0438\u0435\u043c \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442 \u0432 \u043c\u0438\u0440\u0435 \u0438 \u043f\u043b\u0430\u043d\u043e\u043c\u0435\u0440\u043d\u044b\u043c \u0441\u043d\u0438\u0436\u0435\u043d\u0438\u0435\u043c \u0442\u0435\u043c\u043f\u043e\u0432 \u044d\u043c\u0438\u0441\u0441\u0438\u0438 \u0432\u0441\u043b\u0435\u0434\u0441\u0442\u0432\u0438\u0435 \u0445\u0430\u043b\u0432\u0438\u043d\u0433\u043e\u0432 \u043d\u0430\u0433\u0440\u0430\u0434\u044b \u0437\u0430 \u0431\u043b\u043e\u043a.<\/p>\n<p>\u041c\u043e\u0436\u043d\u043e \u043f\u0440\u0435\u0434\u043f\u043e\u043b\u043e\u0436\u0438\u0442\u044c, \u0447\u0442\u043e \u0441 \u0440\u043e\u0441\u0442\u043e\u043c \u0446\u0435\u043d\u044b \u043f\u0435\u0440\u0432\u043e\u0439 \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442\u044b \u0431\u0443\u0434\u0435\u0442 \u0440\u0430\u0437\u0432\u0438\u0432\u0430\u0442\u044c\u0441\u044f \u0438 \u043c\u0430\u0439\u043d\u0438\u043d\u0433\u043e\u0432\u0430\u044f \u0438\u043d\u0434\u0443\u0441\u0442\u0440\u0438\u044f, \u043d\u0430\u0440\u0430\u0449\u0438\u0432\u0430\u044f \u043c\u043e\u0449\u043d\u043e\u0441\u0442\u0438. \u042d\u0442\u043e \u043e\u0437\u043d\u0430\u0447\u0430\u0435\u0442 \u0440\u043e\u0441\u0442 \u044d\u043d\u0435\u0440\u0433\u043e\u043f\u043e\u0442\u0440\u0435\u0431\u043b\u0435\u043d\u0438\u044f \u0441\u0435\u0442\u0438, \u0434\u0430\u0436\u0435 \u043d\u0435\u0441\u043c\u043e\u0442\u0440\u044f \u043d\u0430 \u0431\u043e\u043b\u0435\u0435 \u044d\u0444\u0444\u0435\u043a\u0442\u0438\u0432\u043d\u044b\u0435 \u0438 \u0437\u0435\u043b\u0435\u043d\u044b\u0435 \u0442\u0435\u0445\u043d\u043e\u043b\u043e\u0433\u0438\u0438.<\/p>\n<p>\u0418\u0441\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u0442\u0435\u043b\u044c Arcane Research \u0414\u0436\u0430\u0440\u0430\u043d \u041c\u0435\u043b\u043b\u0435\u0440\u0443\u0434 \u0441\u043c\u043e\u0434\u0435\u043b\u0438\u0440\u043e\u0432\u0430\u043b \u043f\u043e\u043a\u0430\u0437\u0430\u0442\u0435\u043b\u0438 \u044d\u043d\u0435\u0440\u0433\u043e\u043f\u043e\u0442\u0440\u0435\u0431\u043b\u0435\u043d\u0438\u044f \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u0434\u043e 2040 \u0433\u043e\u0434\u0430 \u043f\u0440\u0438 \u0440\u0430\u0437\u043b\u0438\u0447\u043d\u044b\u0445 \u0446\u0435\u043d\u0430\u0445 \u0430\u043a\u0442\u0438\u0432\u0430. \u041e\u043d \u043f\u0435\u0440\u0435\u0447\u0438\u0441\u043b\u0438\u043b \u043d\u0430\u0438\u0431\u043e\u043b\u0435\u0435 \u0441\u0443\u0449\u0435\u0441\u0442\u0432\u0435\u043d\u043d\u044b\u0435 \u043a\u043e\u043c\u043f\u043e\u043d\u0435\u043d\u0442\u044b \u0441\u0432\u043e\u0435\u0439 \u043c\u043e\u0434\u0435\u043b\u0438:<\/p>\n<ul class=\"wp-block-list\">\n<li>\u0446\u0435\u043d\u0430 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430;<\/li>\n<li>\u0442\u0440\u0430\u043d\u0437\u0430\u043a\u0446\u0438\u043e\u043d\u043d\u044b\u0435 \u0440\u0430\u0441\u0445\u043e\u0434\u044b;<\/li>\n<li>\u043f\u0440\u043e\u0446\u0435\u043d\u0442 \u043e\u0442 \u0434\u043e\u0445\u043e\u0434\u0430, \u043a\u043e\u0442\u043e\u0440\u044b\u0439 \u043d\u0430\u043f\u0440\u0430\u0432\u043b\u044f\u0435\u0442\u0441\u044f \u043d\u0430 \u043f\u043e\u043a\u0440\u044b\u0442\u0438\u0435 \u0437\u0430\u0442\u0440\u0430\u0442 \u043d\u0430 \u044d\u043b\u0435\u043a\u0442\u0440\u0438\u0447\u0435\u0441\u0442\u0432\u043e;<\/li>\n<li>\u0441\u0440\u0435\u0434\u043d\u044f\u044f \u0446\u0435\u043d\u0430 \u044d\u043b\u0435\u043a\u0442\u0440\u043e\u044d\u043d\u0435\u0440\u0433\u0438\u0438.<\/li>\n<\/ul>\n<p>\u041c\u0435\u043b\u043b\u0435\u0440\u0443\u0434 \u0432\u044b\u0432\u0435\u043b \u0441\u043b\u0435\u0434\u0443\u044e\u0449\u0443\u044e \u0444\u043e\u0440\u043c\u0443\u043b\u0443:<\/p>\n<p><strong><em>\u0413\u043e\u0434\u043e\u0432\u043e\u0435 \u043f\u043e\u0442\u0440\u0435\u0431\u043b\u0435\u043d\u0438\u0435 \u0441\u0435\u0442\u0438 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430<\/em><\/strong><em> = \u0446\u0435\u043d\u0430 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 * (\u0432\u043e\u0437\u043d\u0430\u0433\u0440\u0430\u0436\u0434\u0435\u043d\u0438\u044f \u0437\u0430 \u0434\u043e\u0431\u044b\u0442\u044b\u0439 \u0431\u043b\u043e\u043a + \u0441\u0440\u0435\u0434\u043d\u044f\u044f \u0442\u0440\u0430\u043d\u0437\u0430\u043a\u0446\u0438\u043e\u043d\u043d\u0430\u044f \u043a\u043e\u043c\u0438\u0441\u0441\u0438\u044f \u0432 \u0440\u0430\u0441\u0447\u0435\u0442\u0435 \u043d\u0430 \u0431\u043b\u043e\u043a) * \u0447\u0438\u0441\u043b\u043e \u0434\u043e\u0431\u044b\u0442\u044b\u0445 \u0431\u043b\u043e\u043a\u043e\u0432 \u0437\u0430 \u0433\u043e\u0434 * \u043f\u0440\u043e\u0446\u0435\u043d\u0442 \u043e\u0442 \u0434\u043e\u0445\u043e\u0434\u0430, \u043f\u043e\u0442\u0440\u0430\u0447\u0435\u043d\u043d\u044b\u0439 \u043d\u0430 \u044d\u043b\u0435\u043a\u0442\u0440\u043e\u044d\u043d\u0435\u0440\u0433\u0438\u044e \/ \u0441\u0440\u0435\u0434\u043d\u044f\u044f \u0446\u0435\u043d\u0430 \u044d\u043b\u0435\u043a\u0442\u0440\u0438\u0447\u0435\u0441\u0442\u0432\u0430 \u0432 \u043c\u0430\u0439\u043d\u0438\u043d\u0433\u043e\u0432\u043e\u0439 \u0438\u043d\u0434\u0443\u0441\u0442\u0440\u0438\u0438<\/em><\/p>\n<p>\u041f\u043e \u0435\u0433\u043e \u0441\u043b\u043e\u0432\u0430\u043c, \u0440\u044b\u043d\u043e\u0447\u043d\u0430\u044f \u0441\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u044c \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442\u044b \u2014 \u043d\u0430\u0438\u0431\u043e\u043b\u0435\u0435 \u0432\u0430\u0436\u043d\u044b\u0439 \u0444\u0430\u043a\u0442\u043e\u0440, \u043e\u043f\u0440\u0435\u0434\u0435\u043b\u044f\u044e\u0449\u0438\u0439 \u043f\u043e\u0442\u0440\u0435\u0431\u043b\u0435\u043d\u0438\u0435 \u0435\u0435 \u0441\u0435\u0442\u0438 \u0432 \u0431\u0443\u0434\u0443\u0449\u0435\u043c.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c\u0426\u0435\u043d\u0430 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430, \u0443\u043c\u043d\u043e\u0436\u0435\u043d\u043d\u0430\u044f \u043d\u0430 \u0432\u043e\u0437\u043d\u0430\u0433\u0440\u0430\u0436\u0434\u0435\u043d\u0438\u0435 \u0437\u0430 \u0431\u043b\u043e\u043a, \u043e\u043f\u0440\u0435\u0434\u0435\u043b\u044f\u0435\u0442 \u043e\u0431\u0449\u0435\u043e\u0442\u0440\u0430\u0441\u043b\u0435\u0432\u043e\u0439 \u0434\u043e\u0445\u043e\u0434 \u043c\u0430\u0439\u043d\u0435\u0440\u043e\u0432. \u041e\u043d \u043f\u043e\u043a\u0440\u044b\u0432\u0430\u0435\u0442 \u0437\u0430\u0442\u0440\u0430\u0442\u044b \u0438 \u043e\u0431\u0435\u0441\u043f\u0435\u0447\u0438\u0432\u0430\u0435\u0442 \u043f\u0440\u0438\u0431\u044b\u043b\u044c. \u0420\u043e\u0441\u0442 \u0446\u0435\u043d\u044b \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442\u044b \u0443\u0432\u0435\u043b\u0438\u0447\u0438\u0432\u0430\u0435\u0442 \u0434\u043e\u0445\u043e\u0434\u044b \u043c\u0430\u0439\u043d\u0435\u0440\u043e\u0432 \u0432 \u043c\u0430\u0441\u0448\u0442\u0430\u0431\u0430\u0445 \u0432\u0441\u0435\u0439 \u043e\u0442\u0440\u0430\u0441\u043b\u0438 \u0438 \u0438\u0445 \u043f\u0440\u0438\u0431\u044b\u043b\u044c \u0432 \u043a\u0440\u0430\u0442\u043a\u043e\u0441\u0440\u043e\u0447\u043d\u043e\u0439 \u043f\u0435\u0440\u0441\u043f\u0435\u043a\u0442\u0438\u0432\u0435,\u201d \u2014 \u043e\u0442\u043c\u0435\u0442\u0438\u043b \u0438\u0441\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u0442\u0435\u043b\u044c.<\/p>\n<\/blockquote>\n<p>\u041e\u043d \u043f\u043e\u0434\u0447\u0435\u0440\u043a\u043d\u0443\u043b, \u0447\u0442\u043e \u0434\u043e\u0431\u044b\u0447\u0430 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u2014 <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-bitcoin-halving\">\u0433\u0438\u043f\u0435\u0440\u043a\u043e\u043d\u043a\u0443\u0440\u0435\u043d\u0442\u043d\u0430\u044f<\/a> \u043e\u0442\u0440\u0430\u0441\u043b\u044c \u0441 \u043d\u0438\u0437\u043a\u0438\u043c\u0438 \u0432\u0445\u043e\u0434\u043d\u044b\u043c\u0438 \u0431\u0430\u0440\u044c\u0435\u0440\u0430\u043c\u0438. \u0421\u043b\u0435\u0434\u043e\u0432\u0430\u0442\u0435\u043b\u044c\u043d\u043e, \u043f\u043e\u0442\u0435\u043d\u0446\u0438\u0430\u043b\u044c\u043d\u043e \u0432\u044b\u0441\u043e\u043a\u0430\u044f \u0440\u0435\u043d\u0442\u0430\u0431\u0435\u043b\u044c\u043d\u043e\u0441\u0442\u044c \u043c\u043e\u0436\u0435\u0442 \u0432 \u0431\u0443\u0434\u0443\u0449\u0435\u043c \u043f\u0440\u0438\u0432\u043b\u0435\u0447\u044c \u0432 \u0441\u0435\u0433\u043c\u0435\u043d\u0442 \u043c\u043d\u043e\u0436\u0435\u0441\u0442\u0432\u043e \u0438\u0433\u0440\u043e\u043a\u043e\u0432, \u0443\u0432\u0435\u043b\u0438\u0447\u0438\u0432 \u044d\u043d\u0435\u0440\u0433\u043e\u043f\u043e\u0442\u0440\u0435\u0431\u043b\u0435\u043d\u0438\u0435.<\/p>\n<p>\u041f\u043e \u0441\u043b\u043e\u0432\u0430\u043c \u041c\u0435\u043b\u043b\u0435\u0440\u0443\u0434\u0430, \u0431\u043e\u043b\u044c\u0448\u0438\u043d\u0441\u0442\u0432\u043e \u043c\u0430\u0439\u043d\u0435\u0440\u043e\u0432 \u043f\u043e\u0447\u0442\u0438 \u043d\u0435 \u043e\u0431\u0440\u0430\u0449\u0430\u0435\u0442 \u0432\u043d\u0438\u043c\u0430\u043d\u0438\u044f \u043d\u0430 \u043f\u043e\u0441\u0442\u0443\u043f\u043b\u0435\u043d\u0438\u044f \u043e\u0442 \u0442\u0440\u0430\u043d\u0437\u0430\u043a\u0446\u0438\u043e\u043d\u043d\u044b\u0445 \u043a\u043e\u043c\u0438\u0441\u0441\u0438\u0439 \u2014 \u0438\u0445 \u0434\u043e\u043b\u044f \u0432 \u043e\u0431\u0449\u0438\u0445 \u043f\u043e\u0441\u0442\u0443\u043f\u043b\u0435\u043d\u0438\u044f\u0445 \u043f\u043e\u043a\u0430 \u043a\u0440\u0430\u0439\u043d\u0435 \u043d\u0438\u0437\u043a\u0430.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c\u041f\u043e\u044d\u0442\u043e\u043c\u0443 \u0432\u0430\u0441 \u043c\u043e\u0436\u0435\u0442 \u0443\u0434\u0438\u0432\u0438\u0442\u044c, \u0447\u0442\u043e \u0443\u0440\u043e\u0432\u0435\u043d\u044c \u0434\u043e\u0445\u043e\u0434\u0430 \u043e\u0442 \u043a\u043e\u043c\u0438\u0441\u0441\u0438\u0439 \u0438\u043c\u0435\u0435\u0442 \u0440\u0435\u0448\u0430\u044e\u0449\u0435\u0435 \u0437\u043d\u0430\u0447\u0435\u043d\u0438\u0435 \u0434\u043b\u044f \u0431\u0443\u0434\u0443\u0449\u0435\u0433\u043e \u044d\u043d\u0435\u0440\u0433\u043e\u043f\u043e\u0442\u0440\u0435\u0431\u043b\u0435\u043d\u0438\u044f,\u201d \u2014 \u0434\u043e\u0431\u0430\u0432\u0438\u043b \u044d\u043a\u0441\u043f\u0435\u0440\u0442.<\/p>\n<\/blockquote>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"607\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Miners-rev-from-fees-1024x607.png\" alt=\"\u0420\u0430\u0437\u0432\u0435\u043d\u0447\u0438\u0432\u0430\u044f \u043c\u0438\u0444\u044b: \u0442\u0430\u043a \u043b\u0438 \u0441\u0442\u0440\u0430\u0448\u0435\u043d \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0434\u043b\u044f \u044d\u043a\u043e\u043b\u043e\u0433\u0438\u0438?\" class=\"wp-image-183200\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Miners-rev-from-fees-1024x607.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Miners-rev-from-fees-300x178.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Miners-rev-from-fees-768x455.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Miners-rev-from-fees.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>\u0422\u0435\u043a\u0443\u0449\u0430\u044f \u0434\u043e\u043b\u044f \u043a\u043e\u043c\u0438\u0441\u0441\u0438\u0439 \u0432 \u043e\u0431\u0449\u0435\u043c \u0434\u043e\u0445\u043e\u0434\u0435 \u043c\u0430\u0439\u043d\u0435\u0440\u043e\u0432 \u0435\u0434\u0432\u0430 \u043f\u0440\u0435\u0432\u044b\u0448\u0430\u0435\u0442 1%. \u0414\u0430\u043d\u043d\u044b\u0435: <a href=\"https:\/\/charts.coinmetrics.io\/network-data\/\">Coin Metrics<\/a>.<\/figcaption><\/figure>\n<p>\u0411\u0438\u0442\u043a\u043e\u0438\u043d-\u043c\u0430\u0439\u043d\u0435\u0440\u044b \u0434\u043e\u0431\u044b\u0432\u0430\u044e\u0442 52 560 \u0431\u043b\u043e\u043a\u043e\u0432 \u0432 \u0433\u043e\u0434. \u041f\u0440\u0438 \u044d\u0442\u043e\u043c, \u0441\u043e\u0433\u043b\u0430\u0441\u043d\u043e Coin Metrics, \u0438\u0441\u0442\u043e\u0440\u0438\u0447\u0435\u0441\u043a\u0438 \u0441\u0440\u0435\u0434\u043d\u0438\u0439 \u043e\u0431\u044a\u0435\u043c \u0442\u0440\u0430\u043d\u0437\u0430\u043a\u0446\u0438\u043e\u043d\u043d\u044b\u0445 \u0441\u0431\u043e\u0440\u043e\u0432 \u0432 \u0440\u0430\u0441\u0447\u0435\u0442\u0435 \u043d\u0430 \u0431\u043b\u043e\u043a \u0441\u043e\u0441\u0442\u0430\u0432\u043b\u044f\u0435\u0442 0,4 BTC.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c\u041a\u043e\u043c\u0438\u0441\u0441\u0438\u0438 \u043c\u043e\u0433\u0443\u0442 \u043a\u0430\u0437\u0430\u0442\u044c\u0441\u044f \u043c\u0430\u043b\u043e\u0432\u0430\u0436\u043d\u044b\u043c \u043a\u043e\u043c\u043f\u043e\u043d\u0435\u043d\u0442\u043e\u043c \u043d\u0430\u0433\u0440\u0430\u0434\u044b, \u043d\u043e \u0438\u0445 \u0437\u043d\u0430\u0447\u0435\u043d\u0438\u0435 \u0432 \u0431\u0443\u0434\u0443\u0449\u0435\u043c \u0431\u0443\u0434\u0435\u0442 \u043f\u043e\u0441\u0442\u0435\u043f\u0435\u043d\u043d\u043e \u0440\u0430\u0441\u0442\u0438 \u0438\u0437-\u0437\u0430 <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-bitcoin-halving\">\u0445\u0430\u043b\u0432\u0438\u043d\u0433\u043e\u0432<\/a>. \u041f\u043e\u0441\u043b\u0435\u0434\u043d\u0438\u0435 \u043f\u0440\u043e\u0438\u0441\u0445\u043e\u0434\u044f\u0442 \u043a\u0430\u0436\u0434\u044b\u0435 \u0447\u0435\u0442\u044b\u0440\u0435 \u0433\u043e\u0434\u0430, \u0441\u043e\u043a\u0440\u0430\u0449\u0430\u044f \u0432\u0434\u0432\u043e\u0435 \u043d\u0430\u0433\u0440\u0430\u0434\u0443 \u0437\u0430 \u0431\u043b\u043e\u043a,\u201d \u2014 \u043a\u043e\u043d\u0441\u0442\u0430\u0442\u0438\u0440\u043e\u0432\u0430\u043b \u041c\u0435\u043b\u043b\u0435\u0440\u0443\u0434.<\/p>\n<\/blockquote>\n<p>\u0415\u0433\u043e \u043c\u043e\u0434\u0435\u043b\u044c \u043f\u0440\u0435\u0434\u043f\u043e\u043b\u0430\u0433\u0430\u0435\u0442 \u0441\u043e\u0445\u0440\u0430\u043d\u0435\u043d\u0438\u0435 \u043f\u043e\u043a\u0430\u0437\u0430\u0442\u0435\u043b\u044f \u0432 0,4 BTC \u0434\u043e 2040 \u0433\u043e\u0434\u0430. \u041f\u043e \u0440\u0430\u0441\u0447\u0435\u0442\u0430\u043c \u0438\u0441\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u0442\u0435\u043b\u044f, \u0434\u043e\u043b\u044f \u043a\u043e\u043c\u0438\u0441\u0441\u0438\u0439 \u0432 \u043f\u043e\u0441\u0442\u0443\u043f\u043b\u0435\u043d\u0438\u044f\u0445 \u043c\u0430\u0439\u043d\u0435\u0440\u043e\u0432 \u0434\u043e\u0441\u0442\u0438\u0433\u043d\u0435\u0442 \u043a \u044d\u0442\u043e\u043c\u0443 \u0432\u0440\u0435\u043c\u0435\u043d\u0438 67%. \u041f\u0440\u043e\u0438\u0441\u0445\u043e\u0434\u044f\u0449\u0438\u0435 \u043a\u0430\u0436\u0434\u044b\u0435 \u0447\u0435\u0442\u044b\u0440\u0435 \u0433\u043e\u0434\u0430 \u0445\u0430\u043b\u0432\u0438\u043d\u0433\u0438 \u0441\u043e\u043a\u0440\u0430\u0442\u044f\u0442 \u043a 2040 \u0433\u043e\u0434\u0443 \u043d\u0430\u0433\u0440\u0430\u0434\u0443 \u0437\u0430 \u0431\u043b\u043e\u043a \u0434\u043e 0,195 BTC.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"783\" height=\"389\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/est-block-reward.png\" alt=\"\u0420\u0430\u0437\u0432\u0435\u043d\u0447\u0438\u0432\u0430\u044f \u043c\u0438\u0444\u044b: \u0442\u0430\u043a \u043b\u0438 \u0441\u0442\u0440\u0430\u0448\u0435\u043d \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0434\u043b\u044f \u044d\u043a\u043e\u043b\u043e\u0433\u0438\u0438?\" class=\"wp-image-183201\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/est-block-reward.png 783w, https:\/\/u1f987.com\/wp-content\/uploads\/est-block-reward-300x149.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/est-block-reward-768x382.png 768w\" sizes=\"auto, (max-width: 783px) 100vw, 783px\" \/><figcaption>Projected trajectory and miner income structure to 2040. Data: Arcane Research.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBitcoin miners will spend a certain percentage of their revenues on electricity. And the higher that percentage, the more energy consumption in the industry,\u201d \u2014 noted the researcher.<\/p>\n<\/blockquote>\n<p>The researcher reminded that costs in any industry can be broken down into two main components:<\/p>\n<ul class=\"wp-block-list\">\n<li>CAPEX (capital expenditures);<\/li>\n<li>OPEX (operational expenditures).<\/li>\n<\/ul>\n<p>For Bitcoin miners, CAPEX includes investments in equipment and electrical infrastructure. OPEX is predominantly electricity costs.<\/p>\n<p>Taking into account total network energy consumption and an average price of $50 per MWh, the researcher concluded that Bitcoin miners spend about 50% of their revenues on electricity.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI am confident that the share of miners&#8217; electricity costs will rise relative to current levels as the sector matures. Competitive forces will likely erode profits in the long run. The exception will be miners with access to very cheap electricity,\u201d \u2014 the researcher said.<\/p>\n<\/blockquote>\n<p>The researcher suggested that the CAPEX component will gradually decline as innovation in ASIC device manufacturing slows.<\/p>\n<p>Taking the above trends into account, the annual growth rate of miners&#8217; share of electricity costs will be 2%. By 2040, the figure will reach 71%.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI estimate the average electricity cost in the mining industry at $50 per MWh. I expect that figure to hold in the foreseeable future. Global inflation is already high and likely to persist. Yet the ultra-competitive nature of mining will, over time, spur participants to seek cheap energy,\u201d the researcher said.<\/p>\n<\/blockquote>\n<p>Mellerud is confident that miners will spread to diverse corners of the globe. Some market participants monetise the heat produced by their devices, which also &#8220;offsets the impact of inflation&#8221;.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cLooking at any mining headlines, you might think the industry is a major global energy consumer,\u201d \u2014 noted the researcher.<\/p>\n<\/blockquote>\n<p>Yet Bitcoin&#8217;s share of global energy consumption remains minuscule \u2014 around 0,05%. The figure, in Mellerud&#8217;s view, is &#8220;on the margin of rounding error&#8221;.<\/p>\n<p>On the other hand, energy use has historically risen with price. Therefore, Bitcoin&#8217;s rally over the next few decades could indeed make the network a &#8220;global energy user.&#8221;<\/p>\n<p>The researcher modeled three scenarios:<\/p>\n<ul class=\"wp-block-list\">\n<li>bullish: the cryptocurrency price rises linearly to $2 million by 2040;<\/li>\n<li>neutral: Bitcoin reaches $500 000 by 2040;<\/li>\n<li>bearish: $100 000 by 2040.<\/li>\n<\/ul>\n<p>The chart below shows that Bitcoin&#8217;s future energy consumption will largely depend on the cryptocurrency&#8217;s price.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"803\" height=\"377\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Est-Energy-Cons.png\" alt=\"\u0420\u0430\u0437\u0432\u0435\u043d\u0447\u0438\u0432\u0430\u044f \u043c\u0438\u0444\u044b: \u0442\u0430\u043a \u043b\u0438 \u0441\u0442\u0440\u0430\u0448\u0435\u043d \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0434\u043b\u044f \u044d\u043a\u043e\u043b\u043e\u0433\u0438\u0438?\" class=\"wp-image-183202\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Est-Energy-Cons.png 803w, https:\/\/u1f987.com\/wp-content\/uploads\/Est-Energy-Cons-300x141.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Est-Energy-Cons-768x361.png 768w\" sizes=\"auto, (max-width: 803px) 100vw, 803px\" \/><figcaption>Arcane Research data.<\/figcaption><\/figure>\n<p>According to the researcher, at a Bitcoin price of $2 million by 2040 the network would consume 894 TWh annually \u2014 roughly ten times the current level.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThat is 0.36% of the expected global energy consumption in 2040, implying a substantial increase from the current 0.05%,\u201d noted Mellerud.<\/p>\n<\/blockquote>\n<p>The neutral scenario envisions annual energy consumption of around 223 TWh, a little over twice the current level.<\/p>\n<p>The researcher also proposed an analysis of scenarios that consider not only price but also transaction fees.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"487\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Energy-cons-in-TWh-1024x487.jpg\" alt=\"\u0420\u0430\u0437\u0432\u0435\u043d\u0447\u0438\u0432\u0430\u044f \u043c\u0438\u0444\u044b: \u0442\u0430\u043a \u043b\u0438 \u0441\u0442\u0440\u0430\u0448\u0435\u043d \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0434\u043b\u044f \u044d\u043a\u043e\u043b\u043e\u0433\u0438\u0438?\" class=\"wp-image-183203\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Energy-cons-in-TWh-1024x487.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Energy-cons-in-TWh-300x143.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Energy-cons-in-TWh-768x365.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Energy-cons-in-TWh-1536x730.jpg 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Energy-cons-in-TWh-2048x974.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Arcane Research data.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIn the table above we see that at a Bitcoin price of $2 million in 2040, transaction fees have a huge influence on energy consumption. For every additional 0.1 BTC of fees per block, energy consumption rises by 150 TWh \u2014 a figure almost twice the current level,\u201d explained the expert.<\/p>\n<\/blockquote>\n<p>Another interesting finding is that with the historically average transaction fees per block (0.4 BTC) and Bitcoin reaching $200,000 by 2040, energy consumption remains roughly at the current level. This, the researcher says, is a result of halvings that prune low-efficiency players from the market.<\/p>\n<p>The next table is similar to the previous one. However, instead of energy values in TWh, the cells show the share of global energy consumption. An annual growth rate of 2% is assumed through 2040.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"812\" height=\"377\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Percentage-of-Global-Energy-Cons.png\" alt=\"\u0420\u0430\u0437\u0432\u0435\u043d\u0447\u0438\u0432\u0430\u044f \u043c\u0438\u0444\u044b: \u0442\u0430\u043a \u043b\u0438 \u0441\u0442\u0440\u0430\u0448\u0435\u043d \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0434\u043b\u044f \u044d\u043a\u043e\u043b\u043e\u0433\u0438\u0438?\" class=\"wp-image-183204\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Percentage-of-Global-Energy-Cons.png 812w, https:\/\/u1f987.com\/wp-content\/uploads\/Percentage-of-Global-Energy-Cons-300x139.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Percentage-of-Global-Energy-Cons-768x357.png 768w\" sizes=\"auto, (max-width: 812px) 100vw, 812px\" \/><figcaption>Data: Arcane Research.<\/figcaption><\/figure>\n<p>As noted, at Bitcoin&#8217;s price of $2 million by 2040 its share of global energy consumption would be 0.36%. According to Mellerud, while the figure is high compared with today, it remains far below the &#8220;apocalyptic estimates&#8221; voiced by some critics of digital gold.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWith that level of consumption, Bitcoin mining would be considered a fairly energy-intensive industry. Yet it would still lag well behind sectors such as cement production, which accounts for around 2% of global energy use,\u201d the researcher noted.<\/p>\n<\/blockquote>\n<p>He is also convinced that regular halvings will restrain the growth of network energy consumption, even as the market value of cryptocurrencies gradually increases.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"765\" height=\"436\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/vs-Cement-Production.png\" alt=\"\u0420\u0430\u0437\u0432\u0435\u043d\u0447\u0438\u0432\u0430\u044f \u043c\u0438\u0444\u044b: \u0442\u0430\u043a \u043b\u0438 \u0441\u0442\u0440\u0430\u0448\u0435\u043d \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0434\u043b\u044f \u044d\u043a\u043e\u043b\u043e\u0433\u0438\u0438?\" class=\"wp-image-183205\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/vs-Cement-Production.png 765w, https:\/\/u1f987.com\/wp-content\/uploads\/vs-Cement-Production-300x171.png 300w\" sizes=\"auto, (max-width: 765px) 100vw, 765px\" \/><figcaption>Current and projected energy consumption in Bitcoin mining and global cement production. Data: Arcane Research.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cHalving rewards every four years. To offset this effect, the price of cryptocurrencies would need to double during each of these periods. Therefore, for energy consumption to exceed current levels, Bitcoin&#8217;s market value would need to be around $650,000 by 2040,\u201d explained Mellerud.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">Conclusions<\/h2>\n<p>Bitcoin&#8217;s energy consumption depends on a variety of factors, and forecasting it into the future is fraught. Yet, one can conclude that digital gold could become a genuinely meaningful energy consumer if its price reaches several million dollars.<\/p>\n<p>Rising market value spurs mining activity and, accordingly, raises energy consumption. But regular halvings counter this: to raise total electricity costs in the long run, the price of the cryptocurrency would have to rise extremely quickly.<\/p>\n<p>Rising transaction fees could mitigate the impact of halvings on Bitcoin miners. But this would only be possible if Bitcoin is actively used as a means of payment.<\/p>\n<p>The price of the first cryptocurrency mainly depends on market demand for it as a store of value. In turn, the size of the fee is determined by Bitcoin&#8217;s use as a means of exchange.<\/p>\n<p>Total energy consumption will rise only if the first cryptocurrency continues to perform the above-mentioned money-like functions in the coming decades.<\/p>\n<p>A share of 0.36% at a price of $2 million in 2040 is not particularly high, given Bitcoin&#8217;s usefulness and potential adoption by millions of market participants around the world.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news in our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ForkLog determined Bitcoin&#8217;s share of global energy consumption and its long-term growth prospects.<\/p>\n","protected":false},"author":1,"featured_media":66467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[1144],"tags":[18,1137,1259,504],"class_list":["post-66466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-longreads","tag-bitcoin","tag-cryptocurrency-mining","tag-ecology","tag-energy"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=66466"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66466\/revisions"}],"predecessor-version":[{"id":66468,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66466\/revisions\/66468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/66467"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=66466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=66466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=66466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}