Home/NEWS/

CBECI lowers estimate by 14% and revise calculation method

CBECI lowers estimate by 14% and revise calculation method

2023/9/1

The University of Cambridge has revised the calculation method for the Bitcoin Electricity Consumption Index, making this the first major update to the indicator since 2019. The Cambridge Bitcoin Electricity Consumption Index is published by the Cambridge Center for Alternative Finance at the Judge Business School of the University of Cambridge and mainly tracks global Bitcoin energy consumption. This modified calculation method is designed to adapt to the increase in hashrate of new miners (such as Antminer S19 XP). Following the adoption of the new CBECI methodology, Bitcoin electricity consumption estimates for 2021 are significantly reduced by 15 TWh, or 14% (from 104 TWh to 89 TWh). And the 2022 estimate was cut by 9.8 TWh, or 9% (from 105.3 TWh down to 95.5 TWh).The CBECI update demonstrates their commitment to fine-tuning estimates as new evidence emerges. This report is a stepping stone towards a more accurate and detailed understanding of the environmental impact of Bitcoin mining.

NOTICE
This is an original piece. Reproduction in whole or part without written permission is prohibited.
0
About products purchase, please contact our sales manager:
[email protected]

About miner repair and after-sale issues, please contact the repair manager email:
[email protected]

For business cooperation, please contact:
[email protected]

COMPLAINTS & SUGGESTIONS
If you have any dissatisfaction during the transaction or have valuable suggestions for us, please contact us via this email address:
[email protected]
Attention!

Recently, many companies claiming to be mining companies imitate us and say that they are related to us, or that they are our branch companies, which has caused customers to be deceived. Please be careful not to believe any impostors, please check our correct contact information and beware of being deceived getting scammed, and losing money.
please check our right contact way: Here

CLOSE