Not exact matches
The bank's analysts forecast that Bitcoin mining could use up
more than 125
terawatt hours of electricity this year, a level electric vehicles globally won't reach until 2025.
The latest weather forecasts see slightly
more rain than previously seen, but precipitation levels in Norway and Sweden are still expected to be 2
terawatt - hours (TWh) below normal.
That equates to
more than half the 38
terawatt - hours of electricity used annually by the world's biggest miner (as in literal, pull materials out of the ground mining), BHP Billiton Ltd..
Some may argue this comparison is too simplistic and «apples to oranges» but the annual
terawatt hour consumption figures persist none the less, and Bitcoin costs roughly 10x
more energy than CERN Meanwhile, most, if not all of us will probably find it very difficult to demonstrate a cost / utility argument in support of Bitcoin having 10x
more benefit than CERN.
As a result, Bitcoin's electricity consumption could rise as high as 120
terawatt - hours by the end of the year, about as much as Norway and
more than double its current appetite.
That equates to
more than half the 38
terawatt hours of electricity used annually by the world's largest miner (as in literal, pull materials out of the ground, mining), BHP Billiton Ltd..
Does this mean human civilisation has to restrict itself to using no
more than a few hundred
terawatts of energy?
Bitcoin - focused website Digiconomist calculates that bitcoin uses
more than 32
terawatt hours of power a year, or about the same power as Denmark uses in a year.
Even were economies to become 30 percent
more efficient, the total
terawatts needed to bring all of humankind out of poverty would still need to roughly triple by century's end.
According to data released by the U.S. Department of Energy's Energy Information Administration, of the 208
terawatt - hours (TWh) of electricity generated in California last year, 25 TWh came from solar PV, with slightly
more than 1/3 of that coming from distributed generation.
Following a detailed analysis of year - end data issued by the Independent Electricity System Operator (IESO) and Ontario Power Generation (OPG), the Ontario Society of Professional Engineers (OSPE) is reporting that in 2016, the province wasted a total of 7.6
terawatt - hours (TWh) of clean electricity — an amount equal to powering
more than 760,000 homes for one year, or a value in excess of $ 1 billion.
Even if economies were to become much
more efficient, the total
terawatts needed to bring all of humankind out of poverty would still need to roughly double by 2050 and triple by century's end.
Temperature rose 1 * F during this time (540
terawatt - years can account for a buildup of 1650 (16
more zeroes) Additional heat will buildup from geothermal heat flow to maintain the necessary temperature between earth and atmosphere to dissipate the 44 TW of geothermal flow, but it is difficult to calculate the depth and extent affected.
According to the Department of Energy, in 2001 the world consumed at an average rate of
more than 13 trillion watts (13
terawatts, TW), just a fraction of the 120,000 TW of energy available that falls to Earth - free.
CCS has not yet been commercially deployed at any centralized power plant; the existing nuclear industry, based on reactor designs
more than a half - century old and facing renewed public concerns of safety, is in a period of retrenchment, not expansion; and existing solar, wind, biomass, and energy storage systems are not yet mature enough to provide affordable baseload power at
terawatt scale.
Depending on who you're asking, this process has Bitcoin consuming
more energy than a small country (e.g., Bulgaria, North Korea), which could be anywhere from 1 to 35
terawatt - hours per year.