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Bitcoin mining to cost less than 0.5% of global energy if BTC hits $2M: Arcane

Bitcoin may be a significant energy consumer in 2040, but only if its price reaches several million dollars, according to new estimates by Arcane Research.

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Bitcoin mining to cost less than 0.5% of global energy if BTC hits $2M: Arcane

Bitcoin may be a significant energy consumer in 2040, but only if its price reaches several million dollars, according to new estimates by Arcane Research.

Why this matters

This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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