Bitcoin Mining Power Use Jumps 112% to 33 Gigawatts as Network Transactions Hit 2-Year Low: GoMining
Main Idea
Bitcoin mining power consumption surged by 112% to 33 gigawatts by May 2025, despite network transactions hitting a two-year low and fees falling below 1% of block rewards.
Key Points
1. Bitcoin mining power consumption increased from 15.6 gigawatts in January 2024 to 33.1 gigawatts by May 2025, a 112% surge over 17 months.
2. The energy spike was driven by expanded deployment of power-intensive mining equipment following the April 2024 halving event.
3. Bitcoin's network difficulty reached a record peak of 126.98 trillion in May 2025, followed by a sharp 7.48% drop in June, the largest since July 2021.
4. Transaction fees fell below 1% of total block rewards, making the first half of 2025 particularly challenging for miners regarding fee-based revenue.
5. Miners continue to expand energy consumption and equipment investments, suggesting expectations of higher BTC prices to justify costs.
Description
Bitcoin’s mining infrastructure has evolved into an energy-consuming giant, requiring over 33 gigawatts of power to maintain block production even as network transaction activity drops to its lowest point in nearly two years, according to a recent analysis from GoMining Institutional. The GoMining Q2 2025 analysis indicates that Bitcoin’s mining power consumption surged from 15.6 gigawatts (GW) in January 2024 to 24.5 GW by January 2025. Source: GoMining The figure continued climbing to 33.1 GW ...
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