Bitcoin Mining Energy Consumption Hits Record Highs
Bitcoin mining reached a record-high energy consumption of 19.6 gigawatts in February 2024, a 62% increase from the previous year.
BTC/USD:
$69,622
24H Change:
-0.71%
Fear & Greed:
72 (Greed)
Dominance:
56.0%
Lightning Nodes:
12,375
Liquidity:
518.6 BTC
Lightning Channels:
47,444
Current Fees:
3 Sats/vb
Bitcoin mining reached a record-high energy consumption of 19.6 gigawatts in February 2024, a 62% increase from the previous year.
Higher-than-expected US unemployment at 3.9% in February 2024 led to market turbulence, and Bitcoin hitting a new ATH of $70,000.
BlackRock Bitcoin ETF (IBIT) surpasses Microstrategy in bitcoin holdings, acquiring 12,600 BTC on Friday, making it the leading holder.
Dutch analyst Michael Van de Poppe predicted a 30% bitcoin price correction, but a new All-Time High of $70k was shortly seen after his tweet.