Crypto bear market has brought Bitcoin’s energy consumption to a one-year low
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Bitcoin’s energy consumption to 130.5TWh and lower. This is the least amount of energy the Bitcoin network has consumed over the past year. Bitcoin's energy footprint is surely going to go back up once the market bounces back, but for the time being, the energy footprint has declined to a one-year low, according to Digiconomist. The energy footprint could present a chance for the industry to move towards more energy-efficient networks, which use the PoS system over the PoW technology, such as Polygon, Cardano, and others. The CambridgeConsumption Index shows that the daily power consumed by the network dropped to 14.93 gigawatts (GW) on June 11, and further to 10.57 GW on June 25. Source